All Forum Posts by: Nate Marroquin

@Jeremy Horton yes, internet/wifi/water/gas electric all in the utilities that are incorporated into their rent

Yes, so I have taken the avg across the year and have made that the price added to their rent, maybe I'll increase slightly to have small cushion. Thank you!

Hello,

Question for anyone willing to answer. I have a 4/4 townhome that I rent to medical students and it is rented per room. This allows me to make more cash flow but I am curious on how to manage utilities. The last three years I included it in their rent, however sometimes in the winter months the bills can be higher and it can lead to paying out of that cash flow to cover the utilities. My question: is it easier to have the tenants cover their own utilities? Is it a hassle to have 4 tenants coordinate themselves to cover the urilties? Increase rent? What are your thoughts?

Thank you,

Nate

@Jay Hurst thank you for this detailed message. I will look into all of this.

Hello!

I am trying to get a second property via house hacking and have some questions for anyone who's willing to answer. I am a resident physician in dermatology, during medical school I bought a property in Denver with an Interest rate of 2.75% (COVID rates lol) with the goals of renting it out when I moved onto the residency. Now that house has been rented out for the past two years, and I want to buy another possible duplex or triplex to house hack. However, my debt to income ratio with that home loan, and student loan doesn't look that great currently and I don't have much for a down payment. In the next 4 years my income will drastically increase, but I don't want to wait 4 years to buy another property that will be an investment. I do know of the physician loans, I am also a veteran so I have the VA loan, and I was also looking at the FHA loans, but can anyone give me any insight that will help me get into a multi family with the salary situation I'm in?

Thanks!

Nate