All Forum Posts by: Vivian Huang

I LOVE the idea of househacking -- unfortunately I found BP & the househacking concept after I bought my own primary residence last year. I'm wondering if I can still take advantage of househacking benefits if I partner with a friend who would be living in the multi-unit. Would it still be considered a primary residence given that I won't live there, but he will? It would be titled under both our names.

Also, it's advised to shop for rates with different mortgage lenders. Does this basically mean that I get pre-approved by all the lenders I look into (Each one putting a hard inquiry on my credit)?

Thanks in advanced!

@Lane Kawaoka thanks for the tip! I don't know if I've heard the term house hold banks before. Could you expand on that?

@William Mccauley I'm also interested in hearing about how your project went. I'm looking for a property management co in the springs now and wondering if you found one you would recommend. 

Thanks!

Echo-ing Patrice. The webinars are a great place to start. The YouTube videos are good too if you want shorter content. Great explanations on how to analyze deals and what goes into them.

Josh, great post. Really appreciate the detailed and articulate advice - your experience is definitely very impressive!

@Yong Park I'm in the same boat as you. I live in SoCal, and am researching OOS markets. I'm still in the process of reading David Greene's book, but have been listening to all the BP podcasts he's been on. Would love to connect and maybe we can knowledge share and discuss newbie obstacles.

@Mike McKinzie well said! I 100% agree property managers are so important, especially if the property is further away and out of state. My parents had a property in Las Vegas (we are in LA) with a PM my mom did not like. She was thinking of firing the PM and managing the unit herself. While she is incredibly hard working lady and is an overachiever, it really took some time to convince her that it was NOT a good idea - especially given that she did not know what goes into property management and also only minimally knows how to use the internet and email. 

I'm currently looking to invest out of state myself (just started to read David Greene's book) and am getting analysis paralysis for choosing which market to go into. I'm in the process of getting pre-qualified with Wells Fargo, who can lend in any state I choose. Is it advised to also find a local lender once I find the market?

@Ruddy Anthony Salazar Thanks for starting this thread! I'm very interested in a more local meetup. I can do DTLA on weekdays (if it's near a metro stop) or Culver City most days (as long as it's not during work hours).

@Khoa P. Can you provide the link to the BP Santa Monica meetup you're referring to?

Thanks!

@Jack Gibbons Thanks for your insight! I'm intrigued by the market. Do you have an agent in Colorado Springs that you could connect me with? I would love to learn more about the market.

@Carlos Altamirano Would love to hear your thoughts on why you chose Indianapolis and St. Louis for your OOS rentals. I'm in LA and looking to invest OOS (for the first time) and I'm having a tough time trying to decide what market to even go into (analysis paralysis!)

@Jack Gibbons Just curious -- is there a reason why you mostly fix & flip in Colorado Springs vs buy and hold? I'm potentially looking into rental properties in Colorado Springs (I'm from out of state) and wondering if it's a good market for rentals. Would love to hear your thoughts.