All Forum Posts by: Nicole Wood

Im from Bath NY. I dont think theres a closer meet up for me. If possible I will attend!! Im new but have done one deal-learned early on all of the mistakes to NOT make. And am soon going to do my second-a house hack. 

I'm very excited to move. although I want to live a little outside of the city I wouldn't mind investing inside the city. it Will make a huge difference in payments with such low taxes. 

Originally posted by @Kendra Ellis:

Originally posted by @Nicole Wood:

@Kendra Ellis ill be moving to your area within a year or two and will be investing!

 Sounds Great!! Let’s connect! You’ll love Knoxville and our amazing investment opportunities. Our property taxes are so low that you would laugh!!

that is actually part of the reason we plan to move. at my current home I pay 3500 a year for a home worth 93000. I live in rural nys and the cost of living is tremendously high.

@Kendra Ellis ill be moving to your area within a year or two and will be investing!

we live in a small town 12000 resident small lol. So the demographics dont change much. My home was 2000 square foot but old as most are here. Cost me 90000. This duplex is old but were doing a 203k and getting it for 50 with 20 for repair costs. It's a great deal relative to the rent itll bring. I think downsizing and teaching kids what really matter is important anyway. Also itll give me a little more time at home and we will be happier and less stressed about money. I think I'm voting yes lol. It'll be hard but its only a year or two. 

I plan to buy a duplex. We've been debating and I think it's smart financially plus I think teaching my children to not think like the majority will be good. We will live in one side rent the other out. It will cover all but 100 of the payment. It'll be more cramped but i think its our best move to get in the game with little money down. Thanks for the opinions!! I've heard on the podcast one person said they househack with their kids and still do to this day. my first deal didnt work out due to my own finances being tight and i wont give up. 

we are going to house hack. we are nervous about the move and how it will be a bit cramped in comparison to my 2000 square foot home. has anyone house hacked with Kids?

hello all, im selling a home that i bought at a tax auction. I'm selling it for 10000. i asked buyer to pay all closing costs with the cheap price im selling it for (the house is in rough shape but not as rough as comparably priced properties in the area most of those have a bad roof or foundation and this one doesnt its livable actually ). He did get an attorney and they need an abstract of title and survey etc. There is not abstract of title on the home and it costs around 250$ to get one. should this be included in the closing costs i asked for or is this seperate and my responsibility? 

well it depends. if you want to use the brrrr method then the first option may be best for the refinance bit. however with a single family home you will take a bigger hit if they move out where as with the duplex if one moves out you still have half your income. theres pros and cons of both.

i would not do this on a trailer. banks do not lend on trailers almost ever and they depreciate in value over time rather than appreciating. it sounds like 10000 isnt bad since youll probably do well enough in rent but you cant brrr this one.