All Forum Posts by: Craig Curelop

Randy Stout - 4.3% is a great rate. Do you think you can earn a return higher than 4.3% in real estate? If so, you should pursue the house hacking/real estate investing route. Make sure you do the numbers and you'll be amazed as to what you can find.

Greg Alway - it depends on what broker the agent is part of. My agent had a standard letter of intent that he just inserts the address and amount for different properties. It really shouldn't take more than a few minutes if the agent is by a computer.

Eric Calabrese - go to www.biggerpockets/meet to meet local investors. Send them a message and invite them out for coffee. Set a goal to meet 3-5 of them each week. You'll expand your network greatly and meet plenty of like minded individuals. Start planting the seeds now and maybe later you can partner.

Girard Walters - I second what Buddy said about reading Set for Life. Great book. Also - I would recommend listening to the podcasts and read the books they recommend.

Take a look at the cost per hour of an assistant. If it is greater than the cost per hour you'd like to "pay yourself" then do not hire. If it is less, than it may make sense to hire an assistant. If it can be a virtual assistant - checkout Upwork. Hope this helps! Craig

Just sent you a message David D'Ambrosio. Also - check out Realty Shares!

Make sure you are pre-screening your potential tenants before showing them the place. If your place is $1295 and they only make $2500 a month, it will be tough to sell them. Also maybe try suggesting a range of price for rent? Say $1100 to $1500. Talk to them and gauge to see what they can afford. Ask them what they are currently paying for rent and why they are moving? Charge extra for pets. Charge extra for a cleaning service? Etc. Brandon Turner wrote a good book that's sold on BiggerPockets called, "The Book on Managing Rental Properties." One of the chapters is dedicated to getting your property rented.

Casey Perkins - if you're doing buy and hold and are looking for passive income, I would recommend multi family for the following reasons: 1. In many cases you can use 75% of anticipated rental income towards your income allowing you to get a higher priced property. 2. Economies of Scale. Getting 2+ different rent streams with one loan is a much better way to scale. 3. Hedge risk - if one person leaves in a duplex, you lose half of your rent. If they leave a single family, you're on your own. However, some of the cons are: 1. Single family homes tend to have less vacancy. 2. Better quality tenants - When in a single family home, tenants feel as though it's there's so they take better care of it. 3. Likely will get higher appreciation. 4. More liquid - single family homes sell more frequently than duplexes. Hope this helps!

@Bernard Reisz - Technically this will be my primary residence. I am using an FHA loan so I will be living in one unit while renting the other. Would that qualify?

@George Blower - No. But I am a first time homebuyer. Therefore I should be qualified?