All Forum Posts by: Oscar Tol

Hi BP!

I was wondering if anyone has rented a SFH by the room? Primarily to students? I would love to get your take on it.

I am thinking of going that route but I just want to see what others have encountered or perhaps some best practices. Thanks in advance! 

@Dan Tran I’ve also looked into this but a majority seem to agree that it would be better to use hard money than to take out a loan.

Have you had any experience with using BRRRR with a loan? Was the refinance process and different?

Thanks!

@Mel Anic thanks for the advice! I’m assuming you are purchasing with hard money and then refinancing?

I was not aware that taxes were paid in rental income and the debt lysine in the mortgage. Would you agree that the rate is comparable to the short term capital gains tax rate?

Thanks In advance!

@Elliott Elkhoury wow you totally gave me a whole different perspective. Definitely going to go back and think what might suit me better. Thanks for the advice and examples it really got me thinking!

If I may ask, why is it that you primarily invest outside of California? Is it really not that feasible?

Hey BP!

I wanted to get some insight and advice from the BP community.

I’ve decided to get started with investing (finally),however, I’m am stuck with the analysis paralyses.

I’ve chosen my geographical location to be the Inland Empire in Southern California just because I am more familiar with the area and since I am starting off I want to be close.

I have the money to either do a BRRRR or a regular 20% down on a SFH that needs minor repairs.

I'm in a position where I don't know what to go with. I've read on the forums that fixing up a home is not ideal for a first time investor but I have also read that it's a great way to start. I figured a 20% on a SFH might be the "safer" route?

Has anyone been in this situation when they started out? If so any suggestions would be greatly appreciated!

Thanks!

Oscar

Wow that didn't even cross my mind, thanks Larry!

Hey everyone, I am just starting out (as in im trying to actually be proactive to invest in real estate) and part of my issue is that I don't know what I don't k'now and I am hoping you all can help! 

One of my first questions is, what are the benefits of living on my first property? 

I currently rent in a pricey area and am wondering if it's better to invest in the area and live on the prperty or invest somewhere cheaper that is but further away? Does property tax make a difference from living on or off the property?

Thanks in advance!