All Forum Posts by: Nicholas L.

@Dariush Vaziri where are you located? How about Fredericksburg VA?

@Alaeddin Almubayed so if this is your first property, do you rent?

@Alaeddin Almubayed we need more information.  Did you buy this solely as a rental, or are you going to live in it first?  How are you paying for it - cash or financing?  Is the monthly rent just a wild guess, or do you have actual comps from a real estate agent?  How many other properties do you own?  What is your estimate for monthly expenses?  Who pays utilities?

@Scott Gordon would this be your first ever deal?  If you have the cash yourself I would house hack.

@Adam Uxley house hack.

@Sergio Remedio do you have enough saved up to put a down payment on a property? House hacking would be much lower risk, than trying to do a BRRRR with hard money as your very first deal.

@Josh Rowe it all depends.  More cash down means your mortgage is lower which means you're more likely to cash flow, but it also means more debt.  Are you willing to move? 

@Jonathan Permetti correct. I personally bought a rental when I myself was renting, before I bought a primary. Then I bought my primary. I'm not an expert on debt across personal and LLC - see this thread:

https://www.biggerpockets.com/...

@Josh Rowe it depends.  Are you asking in general or do you have specific properties picked out that you're comparing?

@Gabriela Tassara if it's possible to get actual numbers for everything, like actual rents, actual taxes, actual utilities, etc., you can use those. Otherwise, you need to estimate. For vacancy, capex, repairs, etc. you can usually take an educated guess based on the age of the property, when big ticket items were last replaced, etc. Does that help? NOI isn't as helpful a metric for a triplex as it is for a much larger building, so I would just calculate monthly cash flow and see where you land.