All Forum Posts by: Conner Olsen

 
Oh wow, so we are able to use a FHA loan every 2-5 years depending on lender?

I've been analyzing several properties daily, and I can't find a way to make BRRRR work right now. I found one bank-owned property with the potential for a small positive cash flow. I connected with the investor-friendly realtor for that area, who said it was in an area where I would be guaranteed low-quality tenants (so not worth it overall). After listening to the last few episodes of seeing green, I know that market conditions have changed, deals are harder to make for a novice, and bad ones are harder to recover from now.

I keep seeing ads for Rent to Retirement on BP. I know turnkey is not the preferred method of investing since you are tying your money up, but for the sake of getting into something (that allegedly cash flows), is this a route a newbie in this climate should consider? Would I be better off continuing to learn, waiting for conditions to change while watching for a BRRRR deal?

Are other house hacking with these interest rates? I've been looking, but I cannot find anything in Sacramento, Ca to fit my budget. I can't sustain the rates for more than 6 months, but I know if I were to get one of these properties and refinance I'll be in a pretty solid place after a while. What strategies are you using if you are house hacking during this time? What markets make the most sense? 

Hi everyone,

I am new to the real estate investing and would like to position myself well for success. Having read couple of books - How to Invest in Real Estate and Rich Dad Poor Dad, I am hearing the importance of having a mentor. Can you share your success stories of how you were able to find a mentor and establish that relationship?

Thank you! 
 

 I think this heavily relies on how great of an asset that you buy, and forward thinking. The timing of the stays play a huge factor because I have seen that demand is huge in the spring and summer and slows into the winter. So knowing that and choosing between a few different guests with different stays you can try and play the probabilities of the system. I also make sure my units are the nicest around in terms of pictures and amenities. My units naturally have lower vacancy because people love what I offer. 

 Is that because of the higher traffic on AirBnb?

 You can see bookings on FF??

While I average 3%, I underwrite 20% because I am very conservative in my underwriting. 

Hey BP community,

I just posted my MTR on FurnishedFinder. I’d love some recommendations on what I should add/remove. Thanks for the feedback! 

https://www.furnishedfinder.co...