All Forum Posts by: Brooke Hallock

@Matt Leber thank you, I appreciate your insight and response! Congrats to you and your wife!

@Kate Barry this is very interesting, I hadn’t thought of that. Thank you for your suggestion

@Theresa Harris thank you very much for this reply! I think that’s a great idea

Hello! My husband and I have been planning for a year now to purchase a duplex(or tri/quadplex) snd house hack it as our first investment property. The problem with this is that there are absolutely no multifamily properties on the market in our large city (Clarksville) or near by. Every time a multi family comes on the market is if bid on like rapid fire, snd even offering $10k more than asking price and to pay all closing costs we have lost every bid we put in..

We have been renting an apartment since we moved here 2 years ago. Our rent started at about $800 and has gone up now to almost $1000. At this point it seems ridiculous to not own a house and at least be gaining equity in an asset we own, instead of continually giving someone else our money to profit off of.

So now at this point we are looking into the idea of purchasing a single family home for ourself and our small child we just had back in October 2020. We are considering trying to house hack the SF by renting out a room. But I would have to find someone perfect for it as I’m a bit hesitant with our new baby.

I also began wholesaling RE back in August 2020 and closed my first deal a week before my baby was born in October. I just have barley started marketing again and getting back into it about a week ago.

What are your thoughts? Would it be. Good or bad idea to now purchase a SF instead of wasting money on rent? Or should we keep holding out for some sort of multi family to come on the market? Again we have been waiting a year already..

Thanks!

@David Pere

Thank you for your response. I guess it’s not so much the house being old that I’m worried about, but the wear and tear that can come with an older house. Someone I know recently couldn’t get a house to pass inspection without replacing a window sill, so I’m just curious how strict I can expect them to be. I’d love to speak with your go to guy to see if he can give me any pointers on what to expect 🙂

I'm curious if anyone has had any luck with purchasing a older home using a VA loan? My husband and I have been looking into using it in Vermont to house hack. All of the multi families there are rather old. I've been told VA appraisals have very strict guidelines. So I'm looking for someone that may have had success with this, as I'm concerned the that the older properties wouldn't pass an inspection.

I am curious on what options one might have on getting funds for a full rehab on a property that was inherited. This property is in very rough shape & is not high in value, but would like to be able to turn it into a rental property if possible. Any suggestions?

What has been the best service you have tried for “sms blasting”? Besides Sherpa 😌 thank you in advance!! 😁

@Izaiah Barba batchskiptrace.com if you have a list of 50 or more properties. You can also use REIskip.com for less properties. In addition to that, sometimes I use the website truepeoplesearch.com - I have found it to be pretty accurate,& it’s free.

This is all assuming you are just looking for phone numbers,& you already have the address of the properties you are interested in.

Good luck!!

Are there any investors in the Vermont area looking to expand their portfolio and network? I am a Vermont native who has lived in TN for the past year & a half. Preparing for a move back to Vermont,& wondering what investor game is like there.