All Forum Posts by: Drew Harris

@Matthew Porcaro Thank you!

@Matthew Porcaro I have a question sir. If I'm occupying the property and the detached garage I want to add a small kitchen and laundry area. Can I use the HomeStyle Loan? The garage already has a bathroom. I want to add the additional areas to Airbnb the detached. 

@Joel Calkins awesome best of luck! Sounds like patience will bring a great reward!

@Joel Calkins Hey Sir! Thanks for connecting and sharing your knowledge! I really appreciate this! Do you have room rentals? Are you an agent/investor? 

Hey BP,

I'm in the process of purchasing a 5 bedroom 2 bath property owner-occupied. I'm in the Fort Worth, TX area. Any guidance on the following would be really helpful for me as a newbie in this:

1. What is best tool/software to screen tenants?

2. The best way to approach utility splits?

3. How do you handle the necessities splits Dishsoap, Laundry Soap, Household cleaning supplies?

4. Typical increase in insurance costs?

5. Best practices for common areas?

6. Posting house rules (yes will have in the lease but...) signs in common areas is it too much? 

7. Handling tenant guest's rules?

Sorry if this a lot but anything else you I may have forgot please drop the fruit of knowledge from your tree! Also if anyone is in the DFW area I would love to connect. 

Thank you in advance!

Heck no! Go for it! I was 25 when I purchased my first property. I will tell you to stay focused on your goal make sure you have reserves and/or investors handy if necessary. Also, leverage this BP thing!  What type of deal are you looking to do starting? Buy & Hold? Flip?  I'm in the process of purchasing my first property in 15 years! Getting back in and very excited especially since BP exist and didn't when I was 25! Many blessings you will be a mogul in 10 years!