All Forum Posts by: Nicholas L.

@Leonard Qendro

why not just each purchase your own house hack separately?

@Chris Seveney

Your posts are usually great, and your advice is usually awesome!  But why would a new investor want to put their life savings into a syndication?  And how in the world would they find a reputable one without a network?

@Randy Griffin

House hack!

OP seems long gone... wonder if he got anything out of this =)

@Jared C. do you have the funds for a down payment on an investment property?

@Stefanie Bergmann

And... on top of your cash flow... that $353 in equity that you just got was paid by your tenant.

@Elizabeth LeBlanc

I always recommend that if at all possible, new investors start local, not because there is anything intrinsically different about the real estate in other states, but because it's easier to build a team / network / go to REIAs / meet agents / talk to PMs / go visit properties in your own neighborhood than 2000 miles away.

And, if what you're saying is "any random property listed on the MLS doesn't work as a rental when I run the numbers conservatively" - yep, that's the case in many, many markets right now due to low inventory, increasing interest rates, investors willing to accept lower yields, etc. You might have to change strategies, look for off-market or value add deals, look in different sub-markets 2 hours away, wait for that occasional gem to hit the MLS and move on it immediately, etc.

Hope this helps!

@Micah Lundstrom

I don't know the market at all... but I suspect it would be better than trying a monster BRRRR as your first deal

@Micah Lundstrom

can you house hack?

the best way to generate capital for real estate is... regular job(s)

@Maranda Tucker

got it!  seems like a good start to me.

@Jared C. to be clear, I just finished a BRRRR, and am looking to do another one. I'm just pointing out the risks involved - because whenever I see someone talk about getting hard money on their very first deal, I get nervous.

A lower risk strategy is to house hack a property that needs minor work. The thing about BRRRR is that the more distressed a property is, the more value you can add, but the more risk there is if something goes wrong.