All Forum Posts by: Jeremy Nault

Hi @Tom Wagner I love house hacking as strategy, as many have mentioned it is one of the best ways to get your feet wet in the world of real estate investing.  I am currently on my second house hack and I couldn't be more grateful for everything it has allowed me to do.  Good Luck with your move, it sounds like you are on the right path! Feel free to reach out if you have any questions or just want to talk about house hacking. 

@Norma Arias Congrats on getting your license! Find a great brokerage that will support you as you learn the business, and it will make everything a little easier! Good luck building your business! 

@Gregory Depaolis House hacking is in my opinion the best way to kick off your real estate investing journey. Using this strategy you are able to get into a property with less money down than when buying a traditional investment property, your are able to minimize your housing expense, all while learning the industry from your home, what could be better?  Good luck with your investing journey! 

Hi @Victor McGlothurn

First off Congrats on deciding to further invest in real estate.  I can completely understand not wanting to go from a Single family back to an apartment.  While I love househacking, it isn't easy and there are definitely other ways to get create wealth through real estate.  I would recommend working on getting pre-approved so that you know exactly what you will be qualified for if and when you decide to take the leap!  You also mentioned using your emergency fund if need be.  I personally wouldn't recommend that.  While I understand the frustration of seeing your money sit seemingly doing nothing, it isn't doing nothing.  An emergency fund is there to help provide security if an emergency where to happen and I can tell your from experience, when you need it you will be happy you have it. You are on the right path, keep pushing and you will make your goals a reality.  Good luck with your investing and feel free to reach out with any questions! 

@Jared Chenel Thats awesome man! Sounds as though you have a great plan in place, to achieve an amazing goal! I have a similar plan and goal in mind with a focus on Multi-families. Good luck with your journey and feel free to reach out if you ever need anything! 

Hi @Laurie Karrh Congrats on narrowing down your plan to purchase your next rental! A self directed IRA can be a great way to invest in real estate! Good luck with your investing, and feel free to reach out if you have any questions!

Hi @Jared Chenel Congrats on deciding to jump into real estate.  Are you planning on investing and wholesaling in NH or Texas?  What is your investing goal?  Are you planning on focusing on Air BNB's?  

@James Hogan Hi James, HELOC's can be a great way to get access to capital at a relatively low interest rate when compared to credit cards. The biggest pro in my opinion is that you are able to get access to capital. The biggest Con is that you will be paying interest said HELOC. However, it is very possible that using the leverage you will be able to get a greater return which would essential pay for the interest on the HELOC. My advice when thinking about taking out a HELOC is to make sure you have a plan to pay it off when you take it out. The last thing that your want to do is overleverage your self! Please feel free to reach out with any questions.

Consolidated Contracting out of Boston does a good job!  Feel free to reach out if you have any questions! Good luck with your Reno! 

Hi @Account Closed  you started off by saying you listed it as section 8 housing.  Does she also have a section 8 subsidy?  If so that would help her with the rent payments.  While I have yet to deal with section 8 I have heard that people swear by it as it is guaranteed by the government as long as they follow all of the required stipulations. Again I am not an expect in Section 8 so you may want to look into exactly how it works in your area.  As far as an income requirement for your rental, I recommend setting a standard that you follow in order to help combat any potential fair housing issues.  I personally use 3 times the monthly rent when vetting potential tenants.  I hope this helps and good luck with your investing journey!