All Forum Posts by: Hersh Shah

@Sunny Burns Congratulations! This is so inspiring that I hope more young folks see this o understand that it doesn’t take much to reach financial independence if you take action right away!!

Kudos again!!

100% accurate. Folks often don't consider that just because it can be rented to housing authority, doesn't mean that it will be leased like hot cakes. It may take months which further brings down your NOI each time you have a turn.

Better quality properties in better neighborhoods is how wealth is made over time as those will always appreciate as long as the market overall has.

 There usually is a clause in most agreements that the PM gets to charge a commission if the tenant buys the property. Verify that the 1% applies to any and ALL transactions. If that is the case, then those are the terms your sister agreed to. Is it right? Not in my opinion.

I've sold plenty of properties for clients who have management agreements in place and they are always cooperative. My property managers will also send the client back to us because we originally referred them for the management.

Different models for all. Find a way to work with them and if they won't have it, work without them.

@Andrew Zhang sounds like you are really good at what you do! I’d keep crushing it with what you are doing and find a way to leverage what you don’t know through a partner that is skilled and reputable.

One of the easier things as others have mentioned is to lend money at favorable terms. Depending on your risk tolerance you can even partner on projects for upside instead of a guaranteed return.

We are always looking for people that don’t have time and/or experience but have money to contribute towards bigger projects. Find someone like us to partner with!

@Matthew Kalifeh I suggest reviewing Atlanta, GA as an option. It’s ranked in several studies and polls as top 5 cities for folks to relocate to. There is a ton to do as we are a major metro market but cost of living is still low in comparison to other major metro markets.

It’s hard to move anywhere if you haven’t been there to visit in person so I’d recommend planning a week long trip to explore the city, burbs and activities in the area to see if your take is the same as the national publications.

Good luck!

@Alton Pettit Your starting in a great place! Take 10% of your portfolio ($530k) and invest that yourself to learn, make mistakes etc and leave the rest for a wealth manager to invest for you. Even a modest 4% return on the 90% is nearly $200k/year. That’s lower risk because someone who knows what they are doing it is managing it for you. Use your 10% for higher risk investments that you learn from and grow from.

So many options, but ultimately it’s up to you and your lifestyle!

@Ben Miller VA loan is a phenomenal product to house hack with because of the benefits you gain with it as a Veteran that no other home buyer has and it makes your strategy one that simply can't be beat!

While its true that listing agents might look unfavorably upon VA loans because of some of its unique characteristics, I think explaining the agent the benefits you have and why you are submitting a VA offer goes a long way especially if using a local lender as opposed to the USAAs and Navy Feds of the world.

Happy belated Veteran's Day! Reach out if I can help more!

Hi @Beril Joel, Looks like you have a few decisions to make regarding where you want to live.

I would suggest first deciding where it is you want to live and then try to solve for what you should buy. If you try to do both together you will have far too many options to consider and Its not advisable to move just solely based on real estate pricing - quality of life should be the main factor!

If leaving Atlanta for a different city, could you transfer with your job or would you need to find another one...this might impact your buying ability in a new city if that is the case.

I can't speak to Dallas/Houston, but my guess is they are similar to Atlanta in that cash flow is difficult to get especially if you are only going to be putting down 3.5% on the property. The goal of house hacking isn't to cash flow, it is purely to minimize your living expenses or to offset them into what you own. As rates change, you may be able to save money, but for now I'd focus on buying something with the $2k/mo spend that you can build equity through.

I hope that helps!

@Bill Harris Raising Private Capital was a good read by Matt Faircloth. In the end, it’s up to you once you determine the right foundation that you want to grow on.

 Benjamin. I'll send you a PM