All Forum Posts by: Jonathan Perez

@Nicole A. So I was not planning on renting out the other bedrooms out. However, that sounds like it could be a good idea. I was actually planning on just living in it while I saved up another downpayment for another home (aiming for a multifamily) and then moving into that multi and renting out the other unit(s) as well as this initial single fam. So maybe I should analyze it as if I was going to rent it out? 

There's this single family home I'm looking at. They're asking for 85k. It is fully renovated. Looks really good. The area is decent. Maybe just at mid class line. Any way so since I plan on house hacking it, where do I start in the analyzing process? And where do I determine? Thanks in advance.

So, my mother has $5,000. I plan on house hacking to build my rental portfolio. On November 30th our rental lease will be up. I was planning on buying a duplex to house hack for that date. I've decided however, that since I only have $3,400 saved up. I was going to go ahead and rent for another year so that I could build some more capital. 

Ok, so the problem is, my mother decided she wanted to put the $5,000 towards a downpayment on a home. She wants the home as her personal residence though. I am planning to house hack the property and using it as investment. Her credit is super poor, and she wants to know if she can give me the 5k and put the loan under my name instead. I wanna know if this would be a good idea or not.

How can I use this to my advantage and how could it be a bad idea? I feel like this can potentially be a great idea, but I feel like I may be missing some potential disasters that may come up in the long run. Please help! 

And since I was really looking to invest in multifamilies, should I then switch up and invest in SFH just because that's what's mostly found in my market?

 I know when comparing Columbia, SC to Springfied, MA, Springfield is flooded with multifamilies (at least 2units+) and Columbia is flooded with single family homes. So should I disregard that? Because I want it to make sense in the long run and if it makes more sense to start off with single families just because of the market conditions then so I'm going to go with that. But I really liked the idea of buying a duplex and renting out one unit while living in the other.

@Jason Hatfield Thanks Jason. I'm going to look into Enfield. I'm also considering the outskirts of these three city's. 

@Jeremiah H. I'm currently living in West Columbia, and I feel like if I invest here in Columbia, I'd invest here in West Cola. Only thing is, it's filled with mostly single families and I really want to get into multi families.

Okay. So I'm sort of facing a dilemma. My mother is talking about moving go Dallas TX. We are currently living in Columbia, SC. We are originally from Sprjngfield, MA. 

I just came back from visiting family in Springfield, MA. While up there I noticed how almost the whole city is filled with multifamilies, which is what I really want to invest in. Let me also note that I want to "buy and hold". Columbia is mostly single family and Dallas, I'm unsure of, but will start researching and will then compare all three. 

I would love to hear from the BP community on your guys' thoughts. Also what should I pay attention to when comparing markets like these? What should I watch out for? Please help. 

Welcome to the site man! I'm in Columbia as well. Let's go ahead and connect sometime. I'd also love to see how that renovation goes for you. I'll be glad to help in any way possible. Wish you well.

I would like to know some tips on this as well.

Welcome to the site John! I'm also interested in rentals, except I plan on quitting my job one day, lol. Stay active on the forums and check out the podcasts. They're really insightful can help lead you in the right direction. Wish you well my man.

Happy birthday, @Brandon Turner! 🎉🎈