All Forum Posts by: Kyle Spearin

@Jose Bernard I love this story. It's a great example of trying something and knowing that you gave it your best shot while getting outside of your comfort zone. You probably learned so much about business from this as well :)

@Max Moncur thanks for bringing up a topic that seems often overlooked when buying a primary residence. There's a lot of good advice above, so I'll try to be unique in my response.

I'd recommend targeting houses that have higher days on market, need some rehabbing, or are otherwise less sought after by the typical homebuyer. If the seller has 1 option vs 0, they will choose you. You may also be able to get a discount on the property with this approach!

@Elie Merisier I'd love to learn more details about this: 
What's your target market?
How much does rent go for?
Do you have a timeline for selling after you buy?

Happy to give some more input and chat. Good luck!

@Roman Katz this is an awesome aspiration. Keep us posted on your progress!

@Matt Smith this sounds like a great plan from what you've mentioned. Will you continue to rent it out by the room after your move on from this next house hack? Always start with the end in mind! 

@Amby Bhagtani no one has a crystal ball in terms of interest rates, unfortunately. We're always 1 war in Ukraine or bank failure away from things changing.

With that said, many lenders I've spoken to seem to think that over the next few years, they will go down gradually (assuming the war on inflation is working). 

@Ryan Butler I believe that the BP calculators can help you achieve what you're looking for. It's worth giving it a shot!

@Chris R. Somerville's an awesome place to have a multi! In regards to your post, Ryan nailed it. The only thing I'd encourage you to consider on top of this is-- can you get a HELOC, renovate your property, and then buy another property? Depending on your equity, it might be worth investigating.

@Ryan Thomson the PMI one is something that I feel like almost no one knows about. Super informative and applies to those house hacking in Boston as well!

@Katlynn Teague great post! I'd add creativity to this list as well-- for example, making a 2 bed into a 3 bed or adding an ADU because the property is zoned for it. Let me know what you think.