All Forum Posts by: Grace Wang

@Sam M. Tough call! 

My initial thought is that I would focus on the value of relationships -- especially if you plan on selling more of your properties. Respecting the expertise of the agents is important, and so is upholding your name and your brand. The real estate community is small, so maybe don't be a total ahole LOL. As an agent and investor, I completely get that you're not trying to give all your proceeds away haha. Like Dustin sad, everything IS negotiable!

@Peyton Fernandes If you hover your mouse over the "Network" tab, you can choose the "real estate agents" option to find some agents in your area. Same goes for lenders, contractors, property managers, etc. Great place to find likeminded folks to add to your circle of people :)

@Lori Bryan Message me! I have a couple of HVAC contacts I can provide you with :) 

@Sara Mcconnell I agree with Brendan. House hacking is a good place to start! You'll learn the ins & outs of landlording, property maintenance, living with your tenants ;), etc etc through this strategy. 

There are various strategies, but some popular ones are buying a duplex and renting out the other side, finding a house w/ an ADU, or renting by the room. Honestly there's something for everyone, and even if it doesn't sound appealing...just remember house hacking is a temporary way of living.

I rented each bedroom out for my first house hack here in denver, and I found that Facebook Marketplace and Facebook groups were awesome places to find tenants. When putting tenants on leases, I like to stagger them so their leases end at different times of the year. Doing this will eliminate the risk of 100% vacancy ;) In the denver area, we find that 4+ bedrooms is ideal, but of course, the ideal #beds/baths will vary depending on location. Hope that helps and feel free to message me with any questions 

@Nathanael Jones Hey! welcome to Denver. As everyone else mentioned, start going to meet ups. I love the BARE meetups, as well as the House Hackers Meetup. If you go to meetups.com you'll probably be able to find some meetups specifically for STR as well :)

@Bao Nguyen Start by learning about house hacking and the different strategies that you're able to use. You'll also want to figure out what the best strategy is for your market. Will it be a multifamily property? or a single family home? Renting a full unit out, or renting by room? Long term rental or short term? etc etc....

In the meantime, you'll want to figure out how you plan on financing the investment. Link up with an investor friendly lender. zfrom there they will be able to tell you what you need to do in order to qualify for a house hack once you graduate. Hope that helps!

@Kenneth Quattrocchi I'm in the Denver market, which is also pricey, but many house hackers will rent by the room in our market. I would check with local rental laws to see if they have caps on how many unrelated occupants you can have in one unit. But just as an example: From a numbers perspective, my 5 bed 2 bath is bringing in ~$3750 (rent by room strategy) versus if I were to rent it out as a single family home... ~$2700/month.

property taxes in denver are much lower than Texas, but I would look into this strategy just in case! Best of luck :)

@Jonah Lamour Fix/Flipping is an awesome strategy, but have you considered house hacking? House hacking allows you to gain first hand experience in land lording, property maintenance, screening tenants, etc. You'd ideally be winning in the "rent savings" department, but also be cash flowing each month. When you don't have to pay rent, you free up cash from your largest monthly expense to go towards other things. A lot of successful investors start this way. PLUS, you're often times able to put low % down due to using an owner-occupant loan.

 If you are absolutely set on fixing & flipping, yeah, it honestly sound really sexy but let me tell you...they can get real ugly real fast if you're not managing the contractors & supplies well, staying on top of timelines, and running your numbers with significant room for error. 

This probably wasn't the answer you were looking for, but hopefully it helps in some way!

@Lauren Rodriguez Check out these ones:

- Set for Life by Scott Trench

- The Househacking Strategy by Craig Curelop

- Money Honey by Rachel Richards

- Start with Why by Simon Sinek

This should be a good place to start!