All Forum Posts by: Rogelio M.

@Tony Clark Tony, would you please submit to management that there is interest in finding agents who are knowledgeable about house hacking. When using the BP feature to locate a 'friendly agent', the house hacking option for propert type is not given.

Hello All!

How does one navigate to / browse / locate a specific local real estate forum?

These seem to have vanished from the site's browsing capability.

I am searching for the following:

"Texas Real Estate Q&A Discussion Forum"
"San Antonio Real Estate Forum"
"Miami" Real Estate Forum
"Fort Lauderdale Real Estate Forum"
"Hialeah Real Estate Forum
"Florida Real Estate Q&A Discussion Forum"

Any help would be appreciated!

Thank you  :-)

@Paul Welden. What does the acronym "WWU" stand for? Thx!

@Hideaki Yen Because of prior "abuse", at least in Texas lease options and contracts for deed are restricted.

@Michael K Gallagher

Thank you Michael! .... I believe NOT there has been sufficient discussion on how to address the "cashflow deficit", even while one house hacks.  Property prices have increased dramatically so that even with increases in rental rates, one may experience a deficit.  Assuming the property's valuation and rental rates are "appropriate," and will continue to increase, the appropriate comparison metric will then be, as you stated, one's "cost of living before hand".  If one, through house hacking, reduces the cost of housing by a substantial percentage, the house hacking investment will continue to render benefit through the remaining wealth creators: property appreciation, loan amortization, and reduced income taxation.

@Michael K Gallagher

Great post. Noticed the nuanced response regarding purchasing a turnkey, rather than a rehab, and tolerating a mild cash flow deficit at least initially while one resides in the property. Love the idea of avoiding CapEx, at least initially to get started. Having to worry about a rehab and managing difficult contractors may be too much to handle to an investor who wishes to get started through house hacking.

If one starts house hacking through a turnkey scenario, what would you consider to be an acceptable cash flow deficit?  The property prices in my area have been growing exponentially so that the remaining viable house hack strategy would be property appreciation and loan amortization.

@Bruce Woodruff

As @Joseph Cornwell stated a "great experience" is part of the rental service ... would there be any upgrades to the units to explain away, in part, the increade in rental rates? Best luck with the purchase.

@Jordan White

The city of San Antonio requires the registration of short term rentals. The city's Development Services Department provides guidelines and registration services.

@Percy N. Good insight. I would like to add US law allows foreigners to own real assets and/or investments in financial institutions or securities brokerages. If the foreign guarantor is willing to put up the US based assets in guarantee, the lender may approve to move forward.

@Victor U. Mbah