All Forum Posts by: Gabriel A.

@Ross Denman thanks for your reply. A lot of details to unravel. I'll definitely look into the Eagledale area.

The deal you listed for 70k is exactly the type of property I'm searching for. I definitely have an appreciation for buying in a better area and benefiting from the high appreciation, better tenants and probably less drama issues vs ONLY seeking the higher cash flow. But I'm sure there is a middle ground. 

I definitely plan on account for vacancy, holding costs, maintenance and capital expenditure costs any turnover costs between residents. 

Do you have any good agent contacts in the area that could prove beneficial for me?

Thanks a lot @Ernesto Hernandez Sterling White's Indy map is a great tool. Do you invest in the Indy area?

Thanks for your reply @Jeremy Rotert. Could you describe the type of app your using? Sounds very innovative. If I do get the chance to drive for dollars I would definitely do so. Just might be hard in my situation.

Out of town investor doing research in the Indianapolis Market. 

Looking for C+ to B neighborhoods with fixer upper properties ranging between 40 to 80k. Do those exist in these types of neighborhoods? I'm looking to BRRRR a property.

What resources can I use to further my research? I've been using areavibes as a starting point.

I am applying for a loan on a crowdfunding site (RealityShares to be exact) to finance a home I'm interested in. I want to do a BRRR to the property so the loan will cover the cost of the home along with the rehab costs.

I'm not sure what these financing types entail and the pros and cons of them. Can someone break them down to me, the pros and cons and what situations call for the different types? Please and thanks.

Senior Debt, Mezzanine Debt, Structured Equity, or Both Debt and Equity.

I live in the Northern Va area and I'm searching for my first investment property. I want to stay within the range of 50-90k and I want something that needs some rehab work done so I can BRRRR the property.

Because of my desires I need to look outside my local market. I also would like the area to not be more than a 2 hour flight so no further west than say St. Louis. My initial choice was the Norfolk are because I'm familiar but there really isn't much growth in the area if your not right on the campus.

Any advice?

@Daniel P. Thanks Daniel!

@Vsevolod Chilinciuc thanks man!

Thanks for the reply. 

So say I had to go the townhouse route instead. How can I be just as successful at house hacking in a townhouse? Buy near a college? Metro? Closer to the city? Stay within a certain price point? My biggest stressor is having to share common areas such as the kitchen and living room with roommates I probably don’t know.

I want to be aggressive when it comes to the multifamily properties but I also want to be a little conservative being that its my first purchase. I make a lot of money and my debt to income ratio is around 7% so I can afford a lot of house but I want to keep my risk as low as possible. Maybe I’m not being realistic. 

I live and work in Northern Virginia area and I’m looking to purchase my first multifamily property to engage in a house hack. This will be my first property so I’m doing a ton of reseach, using the calculators to analyze deals and I will be attending a few meetups in my area in August. What I’m realizing is that there isn’t a plethora of multifamily properties in the Northern Va area, the ones in DC are either way too expensive or in SE, and NE and I’m not too familiar with which areas are good to buy, they’re in PG which I’ve heard isn’t really developing all that well and isn’t as good a buy as Montgomery Country, or they’re too far out in Montgomery Country that I worry about finding renters. I’ve got searches on the MLS setup to send me any multis in the DMV so I’m looking but I just want to know of there are any people in the area that can give me some advice. I’ve talked to an agent and he literally kept trying to stear me into the direction of getting a condo or a townhouse and I’m not 100% sold on going that route being that there is more risk with roommate tension and higher vacancy issues. Thanks

Hey Everyone Gabriel here!

I'm 27, from the Northern Virginia area and I work in IT as a Linux Systems Administrator. I was referred to BP by a friend and I've recently developed a passion for real estate investing. I'm currently doing tons of research and analyzing deals in my area and I'm looking into getting my first investment property with a house hack. BP is a great resource and I'm looking forward to reaching financial independence one day.