All Forum Posts by: Glenn Haave

Hey Marsha, I havent painted tiles in a bathroom. However, I painted tiles on a front porch. I used an exterior paint from Bears at Home Depot. Ive noticed the paint chipping, but it does the job for the time being. In fact, it looks pretty good. I'l most likely repaint and use epoxy with paint to seal it next time. Try a corner to see if it looks good, if not then you can retile it. 

Hello Albert shoutout to you for putting yourself out there. You definitely been listening to Bigger Pockets. I’m house hacking in North Miami near the Fire Dept on 16th ave Pinecrest Bakery if you know the area. 

I don’t know if I can show you everything about investing, but I’d be down to show you what I’ve learned in 4 years. Plus with that new license of yours I can help guide you to get a solid start. 

What’s up Bigger Pockets Fam?!

Does anyone know a rock star electrician in South Florida near North Miami?

I’m looking to complete a remodel on a unit of a duplex. Permits are open. Need to connect central A/C unit, high hat lighting, and outlets.

Thanks everyone. Stay True!

Thanks for your reply @Jesse Byrer

Honestly, I should have shopped around for more lenders. We chose to go with the lender we went with because he had serviced some of our other clients.

Ideally, I wanted to do the FHA 203k, but that was my mistake.

No problem @George Gabriel

All good I’d be glad to share my experience.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in North Miami.

Purchase price: $269,000
Cash invested: $37,000

House Hackinging Duplex in North Miami, FL. We used a FHA loan, $7,000 down, and our real estate license (commission) to cover closing costs.
So far we’ve spent $37,000 to remodel one side. We did electrical, plumbing, kitchen, tiles, bathroom, and a firewall plus some miscellaneous items. It had tenants in the beginning so we made 3 months of cash flow until their lease ended. We’re looking forward to finishing the remodel. Permits and capital held us back a bit. All in all no regrets!

What made you interested in investing in this type of deal?

I wanted to have my living expense covered or atleast almost all of it. Finacial independence!

How did you find this deal and how did you negotiate it?

I asked my wife to put us on an automatic list of duplexes in specific locations that I felt like I’d like to live relative to my employment (I’m a geologist). Under $300k

How did you finance this deal?

FHA Loan

How did you add value to the deal?

$30,000 remodel to one side so far. The other side is expected to be $15,000 cause we already built a firewall, pulled permits, and did plumbing.

What was the outcome?

We’re living in one side and still remodeling the other side. Despite Covid-19, I’m fortunate to have employment and my wife still has real estate deal closings to continue paying for the remodel. Imprecation action.

Lessons learned? Challenges?

Go with the more expensive contractor cause we would have finished the remodel long time ago.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My wife was the agent

Hey Randy! Welcome I’m here in Miami too. I live in a house hack in North Miami. I’d be glad to chat too. I’m a geologist and a realtor. I’m relatively new too. Just shy of 4 years. I’ll send you a request. 

Hello Isabella,

My wife and I bought our first “House Hack” in North Miami  for $269k. It’s a duplex and we’re very satisfied with our investment as we’ll be ready to Air BNB one side very soon.

We are both agents and licensed with an investor friendly brokerage.

We’d be glad to start sending you listings that will fit your criteria. 

If you haven’t already began working with an agent, we’re glad to get to get to work for you. 

Good morning Scott! My wife and I would be able to help. We have a vacation rental on North Miami Beach under contract for our client. Lets connect!