All Forum Posts by: Julien Jeannot

@Joe Si

I have a separate account for deposits and rental income (my operations' account)

@David Truong

Well done! Looks like you understand the market fundamentals and are taking advantage of it.

@Chandler Alexander

I'd recommend house hacking. 

- Allows owner occupied financing

- Subsidized living expenses

- A soft intro to landlording

- Equity build

If the rents are under market, what would the % be if brought up to market?

@Joe Carr

Bold, I love it! 

@Christopher Filak

I'd recommend buying over renting. What looks expensive today will look cheap 5 to 10 years from now. I stated house hacking a duplex 9 years ago. I thought I overpaid at the time, but it has 3x in value and looking back, I should have bought everything I could get my hands on.

@Jennifer Reinhardt

Well done! I like the creativity to overcome our high prices.

@James Coleman

Welcome! Great questions. I don't have a hard and fast, here is what my criteria was when I started:

1) Covers enough so its cheaper then renting

2) Room to improve rent: addressing poor management or by improving the unit.

I figured in my market with fixed debt and rent increases, within 3 to 5 years, the cash flow would be real nice.

@Zach Pepin

Welcome Zach! Always great to see another local and like minded investor join BP.

Solid budget for that part of the market. If you can swing it, I'd recommend to stay with SFRs or even duplexes to build long term wealth.

Deals, depending on how that is defined are scarce. A lot of my clients have adjusted their strategy to match the market and expanded their return time horizon to be more competitive. On a house hack, think 3-5 yrs out and bake in conservative year over year rent increases and appreciation.

@Antonio Sosa

Real estate investing is a business, check the emotions at the door.

Think long term rather then short term.

On the first house, take a look at the house hack strategies.