All Forum Posts by: Victor G.

@Tuan Pham

Are you financing or using all cash ?

If financing it needs to account for lender fees, interest and other expenses.

I've been researching buying my first property and what type to buy. However I had this idea of house hacking a duplex and since I'm single with no family I was considering "airbnb" the spare room in my duplex that i live in if I buy one. I was just wondering if this would concern the tenant that is renting from me in the other unit, since random people are coming in and out of one of the units.  I thought this strategy would help bring in alot of extra income. 

Thanks 

Good Job especially with you owning all properties outright 

@Ajeenah Wilkins

Hi I would honestly save up aggressively while learning for few months to year and take advantage of FHA or 203k or other low down payment options programs and house hack (allow offset mortgage), while buying a house that will allow you to have quick equity (Look up BRRRR) if done correctly. I'm not sure what your goal is to build a rental portfolio or flip houses or etc; but either one you should be able to refinance within year with the equity and pursue your goals.

Hi @Account Closed

If I understand your question It would be around 160 doors you would need if your goal was $100 a door or you can do 55 doors for $300 cash flow this is all before taxes. 

It all depends on your cash flow for each door 

@Jason Dillard no there's no reason I wouldn't do it

@Brian K. no I have not seen the houses he's just described to me, he said he was going to rehab two of the units. 

However after further talking to him I believe he should've just hired someone else to manage the properties because he was taking too long to rehab the units sometimes taking over a year. When I mentioned that he said contractors and PM companies weren't doing the jobs correctly and when he did find a good contractor the state took them away for bigger money. 

I meant selling with a real estate agent