All Forum Posts by: Myro John Briones

Hey, welcome back! Sounds like you’ve already made some solid moves. Love that your first house hack helped set you up for where you are now. Totally get the itch to get out of the 9 to 5 grind too. I'm also exploring options in the Triangle/Triad, so would be cool to connect and swap ideas sometime.

You're thinking this through smartly, especially with being overseas. Having strong reserves and already owning a rental puts you in a good spot. The numbers aren’t amazing, but if your long game is solid and you’re comfortable carrying it when needed, it could still work.

Nice job getting the PM fee down too. That kind of stuff matters. Keep us posted on how it goes.

Welcome to BiggerPockets! 
Sounds like you’ve already got solid experience under your belt with all those transactions. That’s going to help a lot now that you’re diving into investing yourself. Fort Bragg seems like an interesting market with a lot going on. Always good to connect with others in the space. Looking forward to learning from each other and maybe crossing paths on something down the road.

Have you tried using the platform InvestorLift? Inside InvestorLift you can filter by cities. What I like to do is browse nearby cities to see what's available. It could help you too. 

I usually look for keywords like “potential rental income,” “upside,” or “cash flow” in listings. Photos showing upgrades and low maintenance features also catch my eye. Highlighting both livability and investment potential is key. Sounds like your Cary townhouse hits both!

Absolutely, house hacking can still work without renting by the room! In Raleigh, you can find single-family homes under $400K that allow for creating separate living spaces. Converting a basement, garage, or even adding an ADU can provide rental income without the need for roommates. This approach offers privacy and independence for both you and your tenants. Additionally, using short-term rentals like Airbnb for these spaces can be a viable option. Just ensure any modifications comply with local zoning laws and HOA rules.

Sounds like a solid plan! I’ve done something similar. Just be super upfront with the tenant about timing and scope of work. Small stuff like one bathroom at a time usually doesn’t need much rent adjustment. For bigger stuff like the deck or kitchen, a small concession or a night in a hotel is fair. $1850 in Raleigh sounds reasonable. Just make sure the tenant knows what’s coming so there are no surprises.

Welcome, Sean! Asheville’s a beautiful market with a lot of potential. Your past experience will definitely help guide you this time around. I think you’re on the right track looking just outside the city limits, more affordable entry and still strong demand. Manufactured homes on improved land can be profitable if you buy right and manage well. What areas outside the city are you most interested in?

Welcome to the community! Sounds like you and your cofounder have a solid foundation. Best way to learn is by jumping in, shadowing local investors/GCs or helping on projects can give you a ton of real world experience. What market are you focusing on?

Yes, that's pretty common. Most banks won't touch "subject to" deals because the loan stays in the seller's name. Your best bet is to look at local community banks, DSCR/asset based lenders, or even private money to get it refinanced into your business name. Once seasoned, you can always refinance again into conventional financing if that's your long term goal.