All Forum Posts by: Thomas McNeil

Ok,

Total newbie. I know about the 1% and 2% guidelines for rental incomes, but, what should someone be looking to bring in for rental income on a house hack in order to make it worth it to buy the house?

I have a place I'm looking at that is $400,000 but has rental income of approximately $1800. Seems like a good deal to me, but, still trying to understand whether it is or not.

Thanks for your help!!

Hello,
Total newbie, so forgive if I am missing some things. I would like to invest in a house hack in my area (Sarasota, FL) and everything you hear on the news is about how high interest rates are and that they will be eventually going down. So what is the prevailing wisdom on this? I don't understand how refinancing works, again, total newbie, so, is it best to wait until rates go down, or bite the bullet, pay a higher mortgage and then refinance?

Looking for multifamily in Sarasota area...

Thanks!!