All Forum Posts by: Mary Wells

Thanks @Denis Ponder for sharing! Yes, that is my long-term goal!

Love it, thanks @Jon Puente!

Great insight @Rick Albert, thank you! I will be sure to keep that in mind.

Thanks as well @Matthew Kwan! My original plan was to purchase a multi-family but it will be very challenging for me to find one in my price-point with all the competition in my area. I'm still considering it though.

Also, great information @Anthony Swain! I actually just read Craig's book and found it very helpful. I oved the examples he gave and am trying to figure out all of the creative ways I can do the same in my area.

Thank you both!

@Denver McClure - Great insight. Yes, it's on my list that I have to have an HOA that is rental-friendly, but thanks for pointing out the fact that there might be a rental limit to keep in mind too. SHF are possible budget-wise if I go farther out, but that move would have a bigger impact on my own quality of life while I'm living in the space.

Hi BP community! I’m an aspiring first-time homebuyer in a VHCOL area, and am looking to purchase a 2B/1Bath condo somewhere in the region. My goal is to live in this first property for at least 12 months (but realistically a few years) and have a roommate in the second bedroom to help offset the net costs. Once I’m in a financial position to purchase a new primary residence, I would then use owner-occupant financing to purchase this second property, move into it and rent out the first condo at market price.

I’m having a hard time finding information on the financing piece of how house hackers build their real estate portfolio – is this plan generally sound? Am I missing anything? If anybody has any personal experience or any good books/blogs, I’d love to hear about them – thanks!!