All Forum Posts by: Grace Wang

@Julia Williams Which market are you in? Or hoping to invest in? If you are absolutely set on the BRRRR strategy, you might consider finding some established local REI meetups and begin meeting with other investors. If there isn't a meetup already, start one. And when you find someone you look up to, be ready to fill a void they might have in their business and don't just take take take. Maybe you're an awesome cold caller or sales person...or maybe you kill it on social media. Whatever it might be, make sure you're able to provide as much value as you hope to receive.

on the other hand if you're open to other strategies, look into house hacking. Read Scott Trench's book "set for life" or Craig Curelop's "The house hacking strategy". Depending on your risk tolerance, your financial and living situation, either the BRRRR or the house hacking strategy might be a better fit. hope this helps and I'd be happy to answer any other questions

@Kyle Alexander hey there! Have you connected with any local wholesalers or investors? Being top-of-mind with is not a bad way to find a deal. If you develop a relationship with different types of people in the investment game, they may think of you if they come across something that works for you, but not for them. The key to success in real estate is relationships! 

@Vince Hoyt If you're willing to move, you'd be a be able to rent out your current residence and purchase another property with an FHA loan or a low-percent-down conventional option. With the FHA you might be able to find a cash flowing multifamily (1-4 unit) property and house hack the property.

@Jorge Morales prepare some landlord lease forms and write a property description that you could post onto various listing sites. Once you close it's go-time!

@Burke Fisher for me, the goal of house hacking is to cashflow, but for some people the goal is to reduce the amount they pay each month. I would recommend reading Craig Curelop's "House hacking strategy book" to get a better understanding :) 

@Jon Ankenbauer Check out HomeAdvisor/Angi's list. I've found great contractors that way, and have had luck using them multiple times. 

@Burke Fisher Some questions to consider: How much are you paying in rent? How much would your friend be paying you in rent? What would the PITI be for the house hack? After renting it to your friend, how much is the difference you and your fiancé would be responsible for? It all comes down to the numbers. I would also chat with a lender to see how purchasing the army base rental property first might affect your DTI. If you want straight-up opinion, I'd probably house hack first because it's hard to beat those ROI numbers!

@Nick Parenti hey Nick! Such a great plan, and i may be biased, but you’ll love denver.

For the next couple seasons I would continue to educate yourself through books and podcasts and start analyzing deals. I would also encourage you to get connected with a lender and start planning the steps you need to take in order to purchase a househack next year. You might have to adjust your credit score or save some more cash for the down payment. You’ll also get a good idea what you can qualify for when the time comes. Hope this helps!

@Dazza Guerrero you could always hire a real estate lawyer to draft some up!

@Kris Johnson hey Kris, congrats! How i would start in your position is continuing educating yourself on what types of rental strategies resonate with you. Have you read some of the book published through biggerpockets? Thats a great place to start. Diving into their podcasts is also going to help you.

Just take it step by step. As you consume all the information through books, forums, podcasts, etc, start figuring out how hands-on you’d like to be, and the type of returns you want to see. Then, look for a few markets where your goals are achievable. Your question is a bit broad, but i think this could be a good way to start narrowing down a best real estate strategy for your situation