All Forum Posts by: Account Closed

If you need to ask if something is legal, it probably isn't. Just save up for your next down payment on a regular loan after getting an FHA. Maybe even borrow private money to help fund the down payment. However, I wouldn't overleverage myself like that.

 I never said I didn’t have money to invest. But a duplex for $500-700k doesn’t make sense in any market (for me).  

Hello BiggerPockets!

My name is Jonathan. I currently live in Dallas and I've been looking for deals for a few months, but just about everything I've come across seems to be overpriced. I might move to a different city in Texas or even a different state in the next few years if the opportunity presents itself. I'm curious, which cities or markets seem to be good for the BRRRR (buy, rehab, rent, refinance, repeat) strategy or simply for buy-and-hold properties?

Thanks!

Hello BiggerPockets!

My name is Jonathan. I currently live in Dallas and I've been looking for deals for a few months, but just about everything I've come across seems to be overpriced. I might move to a different city in Texas or even a different state in the next few years if the opportunity presents itself. I'm curious, which cities or markets seem to be good for the BRRRR (buy, rehab, rent, refinance, repeat) strategy or simply for buy-and-hold properties?

Thanks!

So what's the best personal strategy in the meantime- rent or cheap SF?

Hey everyone, I recently moved to Dallas and signed a short term lease for an apartment with the plan to move into a 2-4 unit property & househack in 2018.

However, I've been searching online & driving around north Dallas & Dallas proper many times and I haven't seen hardly any 2-4 unit properties.

Could any Texas investors please point me in the right direction? If I can't find a small MF to househack, what's my next best option- buy a cheap single family to live in & use the rest of my income on REI?

Thanks!

Hey everyone, I recently moved to Dallas and signed a short term lease for an apartment with the plan to move into a 2-4 unit property & househack in 2018. 

However, I've been searching online & driving around north Dallas & Dallas proper many times and I haven't seen the first 2-4 unit property. 

Some buildings I saw that resembled triplexes ended up being condos/townhomes. Also, the only duplex I could find online (Plano) was being sold specifically as a "half-duplex"- meaning you could only own and control half of a property. 

Could any Texas investors please point me in the right direction? If I can't find a small MF to househack, what's my next best option- buy a cheap single family to live in & use the rest of my income on REI?

Thanks!

Any suggestions appreciated. Can anyone talk about your liability experience with househacking?

@Brandon Hall I know how important LLCs are (your story from the BP Podcast was a great example), but would you still recommend househacking with an FHA loan, obviously without an LLC?

Hey everybody, I love the idea of househacking and I have been thinking about living in a 4plex with an FHA/traditional mortgage, but I am extremely hesitant about being personally liable to lawsuits & having my personal assets exposed. I would much rather go through an LLC. Assuming I have enough down payment for a 5+ small commercial multi-family, would "househacking" a commercial MF property be the best of both worlds for me?

Could I live in one unit of my commercial property?

Am I silly to assume that there's anything to worry about beyond a personal umbrella policy on a 2-4 unit? I know there are multiple schools of thought. 

Asset protection is very important to me. I'd like to hear your real-world experience & advice!