All Forum Posts by: Sharon Steenbergen

I agree with @Greg Morris. I don't see what gender has to do with investing. I believe it is an equal playing field for us all.

@Colin Reid

HI Colin! I was having the same problems. I was using excel to account for my expenses, and it was getting sloppy to say the least. I took Quickbooks for accounting  class at a community college for 289$, money well spent if your not ready to hire a book keeper. Quickbooks made everything more efficient. Hope that helps!

Thank you for your support on this haha. I found out very early on that land lording is not for me. It took a lot of time and energy away from gathering more properties. I would hold my breathe every month, "are they going to pay". And where I live that was a $2300 deficit, so it hurt when someone did not pay.

@Aisha M.
Its funny that you ask that! We moved into our multi family, and moved out within 4 months. We had a flip going on the side and fell in love with it. We moved out, rented our unit and refinanced our flip out of the hard money we purchased it with, and moved in. The numbers just made sense

hi! You will have to call the insurance company and change the name over to your LLC. If they do not provide coverage for LLC's you will have to seek out another provider.

hiiii!!!!! :)

@Sean Sloop

Yes it definitely is! Try to seek out private lenders on your deals! Give them a good return as long as your numbers make sense after refi :)

Listen, we are all here to feed off of one another through experience, it counter productive to make remarks like that. Buy and holds is what I do for a living. I always out source management, and when you live in such a tenant friendly like I do, its best to leave it to a professional.

@Pierce R.
@Ronnie Hutchinson

Thanks for your feedbacks. You both are totally entitledto your opinion, but in my experience with landlording, it is best to have a third party. I house hacked and posted ds on craigslist, showed the house to tenants, did my "vetting" and ending up with squatters on month 2. I checked FICO scores, verified employment, you name it. Boom squatters. I tried to be "emphatic" and understanding, but in some cases it does not work. Excuse after excuse after excuse. I was stuck with professional tenants. What does a "newbie" landlord know about that? Nothing. lol

Anyway, I did all the right things and still went through the nightmare. And it was a nightmare. If I could go back and do it over, I would 100% pay management to not deal with tenant excuses.

My first home was a 2 family house hack.

Hire property management!!! I know it sounds ridiculous because you live in the same house, and it doesn't sound cost effective. BUT, to have a third party between you, and whomever your tenant will be is KEY. Sometimes when tenants know the home owner is the person in charge, they don't take "warnings" seriously. Separate yourself from tenants. Most property management will take 10% of the rent, and to free yourself from the headache is soooo worth is. They find and vet tenants, and in most cases a lot better than you can. Food for thought ::)

@Sean Sloop

Thank you for this post. People think BRRRR is an easy concept, it is not. I learned BRRRR through a lot of trial and ERROR, and mostly ERROR. At the end of the day it is all a numbers game. I too, first time around did not account for high closing costs on conventional loans. That is why I try to pay cash first time around then refi and pay closing costs once. Now that you learned from all your mistakes, you will perfect it! Keep up the great work!