All Forum Posts by: Jerry Stevenson

Is it the right time to buy your first investment during this pandemic? Any advice helps!

@Shannon Jarrett Congrats on your first deal man! I hope everything works out for you! Looking to close my first deal in August. Thanks for sharing again.

@Bill Goodland Thanks Bill!! Sound advice!

@Jordan Moorhead Yes 1-2-10 warranty.

@Jaysen Medhurst Thanks!

@Corby Goade Thanks for the advice! From my understanding and analysis, the property would break even or give me roughly 60-70 bucks a month. if I rented it out after two years of house hacking. Then again I'm a newbie to REI so my calculations could be a little off.

@Jaysen Medhurst Thanks for the advice, it's much appreciated! Yes I considered Multifamily, but have yet to find a deal in my price range in the Austin market. Yes I've been educating and learning everyday, I have a decent understanding on how to do a rental analysis (any tips or advice is much appreciated though). My goal is to use a conventional loan with 5% down, and once I get to 20% equity the PMI will go away. What strategies can I use to find a deal off market? I've tried Driving for dollars, nothing thus far. Once again, I really appreciate your insight and advice!

Hey guys need your opinions and thoughts! For my people who are house hacking, is it a good idea to house hack a newly built home? The market I'm in Austin TX is really competitive when it comes to Real estate, so I'm trying to get creative as possible. I'm thinking about purchasing a newly built home for 230-240k and renting out two of the rooms. I ran the numbers, and if I can get 600-700 a room (is this realistic?) I would only be paying 400 or less for my mortgage a month. The home is in a great area and there is a lot of potential in terms of resale value. It' would be my first deal so I need advice on what to do! I've been looking for the perfect deal for 6 months but have not came across that deal. Any house hackers getting a profit from house hacking a SFH? Thoughts?

@Erin Dorsey Robinson Thanks Erin! Sounds like you and your husband are killing it! I’ll look into getting a Real Estate license.

@Noah Chappell Thanks for the insight. I reside in Austin Texas. I've been searching for a great deal here for a few months. I started off looking for duplexes to house hack, I've switched my plan a little and now I'm on the hunt for a SFH to house hack.