All Forum Posts by: Conner Olsen

I'm looking to buy my first home (aiming for duplex, but open to other types of properties that will allow me to house-hack) using a FHA loan. When I look at the duplexes in my area, most of them are leased with tenants on both sides. I'm not finding much that allows me to live in one unit.

What are some alternative house-hacking routes or tips? If the description states "both tenant leases expire at such and such date", is there a method to maneuver myself into one of the units so I can live in it? 

Excuse my lack of knowledge, I have not even talked to a realtor yet because I guess I'm afraid that they'll say finding what I want is impossible in my area. 

Hey everyone, I'm looking at a property in a low-income / industrial area this area is not crime-riddled or anything it's just kinda run down a lot of trailers and open land outside of Jacksonville the average home value in the area is around 180k. The property I'm looking at is turn key and would cashflow $600 with all  units rented but I'm going to live in the main house for a year and would only pay $300-$400 a month to live there that number includes vacancy, repairs, and capex. my question is would this be a good first investment? I'm just a little worried about the quality of tenants this property would attract and I don't see much growth happening in this area for a long time. 

Hello everyone, this is my first post on the bigger pockets forum and I’m excited to get started. I have a question regarding myself about to be a first time home buyer and renting out the other bedroom or bedrooms to tenants, which will be friends of mine. I am wondering how I should go about charging them rent and what kind of lease I should set them up on? What is also the common items I should include in their rent, like utilities or cable? Should I have them sign some kind of paper work or documents outlining the terms? I am still in the beginning process of buying my first home and navigating real estate as a new realtor so if anyone has advice for me regarding this tenant rental situation, I would greatly appreciate it!

Hi everyone,

I recently moved to Atlanta and am actively searching for my next house hack. It'll most likely be from the MLS, so I'm trying to be creative and still make the numbers still work. I prefer not to go the STR/padsplit route. A strong alternative for my area seems to be the housing voucher route (section rate) and buying in an area that allows for a high payment. Other than due diligence in the tenant selection process, any other unique stuff that I should be thinking ahead as it pertains to investing in section 8? Thank you all in advance!

Hey, I'm pretty new here.

Is it possible to house hack a condo? Considering insane property prices in SoCal.

I need advice!

Thanks.

Hi Bigger Pockets team~ I just listed my first MTR in North Raleigh(Zillow, Furnished Finder & some FB Groups so far).  I'd love to connect with someone in the area who has a few MTRs to discuss strategies on what platforms to post on, etc.  Please let me know if you're open to chatting! 

Thank you~ 

With Airbnb and VRBO, what do you use for the background and credit check? 

Howdy y’all. 

I just bought my first house that I am currently updating and remodeling. It’s not a big house, 2 stories tall 1600sf and 3bed/2.5bath. I’ve been going back and forth in my mind about the best way to handle this investment. I’ve been planning to delete the family room and laundry room and turn them into another bedroom and full bath, so that I would have 4 bed/3.5 bath.

This has been my game plan since I bought the house, but I’m starting to have second thoughts about it. I know that 4 people is a lot for such a small space. Basically the whole house will be bedroom or bathroom with the exception of the good-sized kitchen, large, open, dining room, and decent sized living room. 

As of right now I’m planning to rent the two spare bedrooms upstairs and make the 4th bedroom an office, and see how the house hack goes,  but I was curious if any of you have any experience or thoughts that you could share with me?

Thank you!!