All Forum Posts by: Stetson Hamilton
Stetson Hamilton has started 1 posts and replied 12 times.
Post: House Hacking Your First Property
- Investor
- Durango, CO
- Posts 12
- Votes 5
I’m currently house hacking a duplex with my girlfriend. I personally would not want to do a single family after being in my current house hack. I like the private unit just to me and my girlfriend. Also they are about 750 sq ft 2br/1ba so storage is limited and we use the spare bedroom for that.
That being said everyone is different and so are their circumstances and what they might be able to handle.
Best of luck!
Post: Just put our most recent flip under contract. $62K Profit
- Investor
- Durango, CO
- Posts 12
- Votes 5
@Jamie McCauley
love the video as well!
Post: Just put our most recent flip under contract. $62K Profit
- Investor
- Durango, CO
- Posts 12
- Votes 5
@Jamie McCauley Heck yeah, love the as well!
Post: Closed!!! Duplex Zero Money Down
- Investor
- Durango, CO
- Posts 12
- Votes 5
Right on! I just closed on my first duplex as well FHA, although mine definitely wasn't 0 down haha. Thanks for sharing.
Post: Closed!!! Duplex Zero Money Down
- Investor
- Durango, CO
- Posts 12
- Votes 5
@Christian Cummings would love to hear the method for no money down! Congrats!
Post: Exterior Paint/ Renovation Suggestions
- Investor
- Durango, CO
- Posts 12
- Votes 5
@Matthew Amabile I recently just went through the same process on a fha duplex. I was worried about the sell falling through so I didn’t want to risk to much of my time and money on painting it completely before I closed. I legit took white primer (the house is light blue) and just painter all the spots that were peeling to get the fha approved.
House looks not the best at the moment but I’m getting ready now to completely Re paint the house with medium grey with white Trim and blue doors.
Post: 5 Dreamview Drive Fix & Flip
- Investor
- Durango, CO
- Posts 12
- Votes 5
Originally posted by @Jordan Crist:
Yes it was! We always included a detailed construction budget with pictures of the worst moldy, crusty spots we can find when submitting offers. We were dealing with a bank on this one, and usually they don't care about any of that stuff let alone consider it. I honestly didn't think the offer would be accepted that far off the asking price. It was quite shocking. We actually offered $82,000 and they came back at $90,000. Split the difference and settled on $86,500. Looking back we should have been at $60,000! It's all part of the journey.
Originally posted by @Stetson Hamilton:
That's an incredible discount on the asking price! What was your method of presenting your offer? Did you give the seller quotes on how much you were going to have to pay to fix the problems or what was the way you went about it??
Congrats!
Awesome! Definitely a great way to submit an offer!
Post: 5 Dreamview Drive Fix & Flip
- Investor
- Durango, CO
- Posts 12
- Votes 5
That's an incredible discount on the asking price! What was your method of presenting your offer? Did you give the seller quotes on how much you were going to have to pay to fix the problems or what was the way you went about it??
Congrats!
Post: Ways to Invest at 17
- Investor
- Durango, CO
- Posts 12
- Votes 5
@Dillon Hutsell welcome and congrats on already having the right mindset! Start by Investing your time, and Learn as much as you can through books, podcast, and awesome places like this forum! Good luck!
Post: How to structure bank accounts
- Investor
- Durango, CO
- Posts 12
- Votes 5
Hi everyone, I'm currently on the search for my first small multifamily for a House Hack. I've have followed the forum as well as the podcast for a while now, a topic that I have not heard yet or (missed) is what's the best way to structure your investment bank accounts for your properties? Do you set up separate accounts for Expenses, deposits, and cash flow saving? Do you set them up as a savings or checking, Or both? Do You set up new accounts for every property or able to use the same accounts for all properties?
Thank you!