All Forum Posts by: Zachary Ware

If you are under 10 units you can go with a DSCR 30-year loan in an entity.

I agree with @Chris Seveney here, I would want to understand exactly how the added capital would be used, how the deal would be turned around in the coming months/years with in the current market. 

Cancun sounds like a great place to me haha! Wouldn't mind if they ventured over to Austin in the coming years. 

They know how to put an event on! I had a great experience, learned a lot, and meet a lot of awesome investors. 

Hi Kyle, Welcome to BP! 

Welcome to BP! This is a great place to be and has a lot of experienced people who are looking to help others! 

Hi George, I would love to connect and discuss. 

Have you already begun operating the property as an STR? Being able to show investors the potential and possibly having some systems in place already would be huge.

Hey Zach,

I think a lot of us are in the same boat here, more so in some markets than others. There are still some markets where you can find cash flow out there. I am looking outside of major cities in tertiary markets. As others have said, the goal of house hacking is to pay less than you would for rent. But even then, when you move out and put a tenant in your place, you want to be making money on the property, and I have not seen many properties in my market that fit that box. With interest rates and prices where they are, there are still a few ways that you can cash flow. 

Value Add is a huge part of all RE investing. Buying at a discount, and putting in some sweat equity is a great play but can also be tough when househacking. If you want to use most of the first-time homebuyer loans the property will need to be turnkey. I would look into an FHA 203k loan if you are wanting to do renovations.

Seller financing can also be a great option if rates are too high for values. You can negotiate the rate you are paying though these deals generally take more leg work to find. You will need to be sourcing deals off the street and looking for motivated sellers. 

Thanks for the post! I have never heard it called "Carrying Paper Back" before. I feel like I am always learning new terms in the RE world.