All Forum Posts by: Tyler McDonald
Tyler McDonald has started 3 posts and replied 52 times.
Post: House Hacking with Rehab Loans!

- Suffolk, VA
- Posts 54
- Votes 33
Was planning to make it out tonight but kids are sick so I'm going to have to wait until next month. Hope its a great night!
Post: New to BP, and introduction

- Suffolk, VA
- Posts 54
- Votes 33
Welcome! I used to be in Connecticut but moved away for work. I certainly miss New England!
Post: Evergrande - A Real Market Issue

- Suffolk, VA
- Posts 54
- Votes 33
Absolutely watching this. All eyes on Thursday’s interest payment deadline…
I actually just finished reading J Scott’s book on how to estimate rehab costs. I found it pretty informative, time to put it to use!
Post: Wholesale Deal #1 - $42,500 profit before tax

- Suffolk, VA
- Posts 54
- Votes 33
Amazing! Nice work!
Post: Which BP Podcast do you recommend for first timer?

- Suffolk, VA
- Posts 54
- Votes 33
After buying "How to Invest in Real Estate" by Dorkin and Turner I made a list of all of the podcast episodes that they reference in the book. Then I downloaded all those episodes, about 60 total, and I'm going in chronological order. I can usually get through 1 a day while commuting. I'm assuming its a greatest hits, plus its kind of fun to listen to how the podcast has evolved over time. This only gets up through 2018 though so clearly not addressing the post covid that @Lara White referenced.
I haven't done it myself but I know that in some college towns there is opportunity for extra income from things like parking. My wife went to school at Florida and on gameday it is very common for landlords to let cars park in the yard for $20-50 each depending on proximity to the stadium. Folks with a big yard are making an extra $500-1000 per weekend when there is a home game. Of course the wear and tear on the yard is a consideration...
Post: Three unit rehab and house hack as a beginner

- Suffolk, VA
- Posts 54
- Votes 33
Thanks for posting! As someone looking at multifamily its exciting to see how this has worked out for you. Good luck getting out of the military, I'm not far behind you...
Post: New member introduction in Boston

- Suffolk, VA
- Posts 54
- Votes 33
@Anastasios Sakellariou welcome! I'm new here too but learning so much from everyone and analyzing deals while I wait to close on a cashout refinance so I can continue my investment journey.
Post: HELOC - Questions to ask when speaking to banks

- Suffolk, VA
- Posts 54
- Votes 33
@Eric Anderson thanks for the question, i was actually planning to post a similar one. Looks like good food for thought so far!