All Forum Posts by: Felix Poulin

@Frank Agyeman-Duah @Bonnie Rhodes Hi! I am also a newbie would really appreciate some information about the SFH market in Tennessee. My wife and I have a close friend who lives in Nashville and we're planning on visiting her soon. I'm thinking using the BRRRR to close my first deal. Let's connect and see if we can all help each other!

Thank you

Felix

@John Barrett Good point! Thank you for your insight. I really appreciate your help.

Have a great day.

Felix

Hello @John Barrett,

I truly appreciate your feedback and you taking the time to help my situation.

Thank you for your insight. As of right, I would say that we are 50/50 on our future here in Western Washington. We are thinking about moving out of state but nothing is guaranteed. My wife knows the market better than I do, therefore we feel more comfortable about investing here.

I will do some research about duplexes around the area in order for us to potentially house hack! It is definitely a strategy I have thought about. 

I have to say it has been a struggle of mine, I'm not 100% sure if I want to house hack or use the BRRRR method. They are both appealing to me but I will highly consider your recommendation about a duplex.

Thank you so much again for taking the time to answer my questions.

Felix

Hello everyone, my name is Felix and I recently joined the Bigger Pockets community. I am from Montreal, Canada. My wife and I just got married here in Washington and we currently rent in Bothell, Washington. We love the area but as some of you may know rent is very expensive here and we are looking into buying real estate. My wife has a solid job and I'm still waiting to get my work permit in the USA. Therefore, I have a lot of time on my hands. I'm trying to learn as much as I can by reading books, listening to BP podcasts and watching Youtube content. 

I have a bachelor in Economics and a Masters degree in Business Administration. I have no experience whatsoever in construction, but I'm ready to learn.

We currently have 20k saved up for our first purchase/down payment.

My questions are:

1- Is it a good time to purchase a house given the area/market we're live in?

2- If we find a good deal, given my experience, what would be the best way for us to run this property? Live in it for couple months or a year, do some work/upgrade to eventually rent for cash flow or sell it for profit?

3- Should we just wait, be patient and rent until I get more experience and knowledge about real estate?

Thank you so much for taking the time to answer, I really appreciate it.

Felix