All Forum Posts by: Tom Wagner

Definitely following this one, it looks way more legit than similar websites I've seen and I would also be curious to hear if anyone has direct experience.

I agree with others that they are largely interchangeable, though I would add that operator implies active management while a sponsor or syndicator may still end up hiring a 3rd party manager.

Hi everyone, short notice but we have a house hacking / investing meetup tonight! Looking forward to chatting real estate.

https://us06web.zoom.us/j/8243...

Bumping this thread hoping for more insight. Whoever runs an investor-friendly or investor-focussed brokerage for EXP in the Boston area please post here or DM me.

Really interested in EXP but struggling to connect with or find the right broker/team.

To me it comes down to supply and demand. How many other properties are available like yours, which is always changing for a specific date or weekend on the calendar, and how much demand is there for a property like yours?

In Denver where I'm helping operate an STR, the supply exceeds demand in the winter (thus causing prices to fall) but in the summer demand greatly exceeds supply (resulting in some nights where we can get $225/night for a studio).

I think finding one's niche is a personal journey that depends on a number of things. For me, I considered:

- My goals for my life

- My knowledge of my market

- The ability to use 30-yr fixed-rate debt

- Risk/return profile

- The long-term appreciation of SFH's

- The multi-century trend of urbanization

Recently I've been really interested in floor plans, mostly for apartments but also for houses. On the apartment side, if you have a 800sqft 2bedroom apartment and have a 4ft x 10ft hallway, then 5% of your apartment is "wasted" hallway space. Likewise, in many 3000sqft houses there are 300+ sqft of hallways.

A lot of older Sears Craftsman style homes have virtually no hallways. The stairs lead directly to 3-4 bedroom/bathroom entrances, and there is no "wasted" hallway space on the first or second floor:

Today, if you wanted a modern floorplan you could have something like this:

Or this:

My take: all hallways are essentially wasted space, and most floor plans being built today are not very good. Agree or disagree?

This is something I'm considering longer term. I think a lot of floor plans have wasted space and that building your own property would be a good way to both live in your dream home and make sure there is no wasted space.

BiggerPockets is definitely a great place to hang out. You can also find great content from previous podcasts and forum posts using Google, ex:

https://www.google.com/search?...

https://www.google.com/search?...

Definitely an intriguing strategy with lots of upside, but also downside. Instead of evaluating the property as a buy-and-hold with 15% or 20% down at 3.XX% interest I would instead analyze it factoring in the HELOC debt service. So perhaps that makes it essentially 0% down at 4.25% interest, or whatever the actual figures are.

Is it still cash flow positive? What's the monthly cash flow?

Ultimately, in order for the investment to make sense I think you'll need to generate a return (read: cap rate) >= a blended combination of your HELOC rate and your mortgage interest rate.