All Forum Posts by: Jordan Santley

I live in TN. My wife and I are looking for a duplex or triplex to house hack/BRRRR. We plan on gaining some equity from value add. My question: Do I need some kind of permit to make cosmetic changes to the house? Like putting in flooring, fixing drywall, repainting in inside and outside, or adding light fixtures? If not, where is the line that tells me what I can or cannot do myself without a permit? Thanks in advance!

Thank you everyone for your reply!

Hello!

My wife and I have around 22K saved up and we want to try to house hack.  We are both brand new to real estate investing.  We have a baby on the way so are mostly looking at multi-family homes.  The real estate marked in the Chattanooga/Cleveland TN area is crazy right now and everything is up by about 40%.  Obviously we would need to look for a great deal and that leads me to my question:  Is house hacking only worth doing if you make a profit or break even?  My wife thinks that even if we have to pay $300 out of our pockets for the mortgage, then it's still a good idea to do.  I know it would be good to have as a rental when we move out after a year or two, but we wouldn't have any more money but our savings to put towards another investment later if we weren't making a profit.  I appreciate any insight!