All Forum Posts by: Nicholas Coulter

@Rudy Dvorak I have a lender that might be able to help you out! Shoot me a DM and ill connect you.

@Michael Lonsdale what area are you looking to try this in?

@Reed Vial I would look into using the equity on 2 of them to do a BRRR in the same area. Since you now know how to rent in that area.

@Jack Sullivan As long as when you move out it cash flows that's what matters. I would shoot to save more than you would be paying for rent. IE rent is 1500 and you are paying 1000 out of pocket

@Lauren N. not an accountant but I think so! At least I have done it

@Elizabeth Cadkin you need to consider a few things. 

1. Will the person in the house be paying rent? - i suggest yes market rent that goes to the cash flow

2. Maintenance expenses and how they will be handled

3. will you have an exit plan for when the other owner moves out? 

@Robert Alexis i suggest the house hack. It really allows you to practice as a land lord and also as a new investor while saving on living expenses. I am not sure what the areas are like but I would imagine you might be able to find something with a small back unit you can occupy and rent out the front on an Air BNB. Should allow you to really increase your cash flow.

@Connor Kapp i would look to combine the HH with a STR or MTR strategy to increase cash flow!

@Matt Szablowski I dont love the idea. I would say you need a clear path to make sure you can bring up the income. adding value, raising rents etc. You have no guarantee that rates will go down and or if you can time the refi correctly. Buy something you can hold onto through positive cashflow even tho it may only be 200 bucks a month. That way it will grow in value and rents will go up. 

@Sebastian Valdez i dont think thats the best strategy. If you are going into a property with 96.5% leverage and you cant swing that maybe you need to save to start.