All Forum Posts by: Zachary Harrison

I have heard that if they stay over 28 or 30 days (depending on the city/HOA regulation) they are considered as "long term tenants". Might be something to look into. Most neighbors just don't like seeing different people ALL THE TIME from my experience. Just make sure you have adequate parking too. Good luck.

Vannel I am currently househacking and one of the easiest ways I have found is put the rooms on Airbnb.  There the tenants have already be "screened" in theory and if you don't get along with them they will be gone in just a few days.  Or if you are close to a hospital maybe look and see if there are any medical professionals looking for a place.

I do agree with doing it yourself though.  Great learning process early one.  You can also use Zillow to run background and credit checks.  It charges the applicant $30 last time I checked.  Hope this helps.

Is this meet up still happening?  I might be in the area and hope to stop by if so.

Jevon has the right idea.  It can be tempting to spend the money now (my dad tries to tell me that every week).  Look hard into trying to invest the money especially now when the market is starting to soften some.

One aspect to house hacking you might look at is renting to traveling nurses.  I have had a couple stay at my place and I hardly notice they are even there.
  

Thanks everyone for the advice and difference in opinions.  I will take in what everyone has said and make the bet decision possible. 

@Nicholas L.

I do not have an agent currently.  I purchased my primary residence a couple months ago.  There is an apartment downtown in my area that I think would make a GREAT Airbnb (nothing is guaranteed).  It is listed at 275k which I think is high but that's another story.  I am currently just brainstorming but even if I could talk them down to 250k (just for clean numbers) a 20% down payment would be 50k plus closing cost and whatever come up.  There is the possibility to just bring in a partner but I am not in a rush.  Just want to throw some ideas around.

I CURRENTLY would like to gather information from/about the seller and possibly see about some creative financing.  As others have noted above I am not trying to step on any toes and piss off some agents in the area.

Okay thanks for the help.  I am still so new to the game so I appreciate the feedback.

@Mason Hickman Even if purchasing the property with “conventional” financing isn’t an option right now?

Would another option be waiting until the listing is “expired” (after 90 days) and then try reaching out? I am assuming the property will be on the market then.  There is that chance it could sell between now and then too.

I have come across a property that I am interested in that is currently listed on the MLS. From the county assessors website it appears the property is own a by trust. I found the potential members of the trust and am curious as to how I should reach out to them in regards to the property.

If it would help any it looks like a widow (late 70s or early 80s) and her kids are members of the trust and some of them live in the area.  Thanks and would love to hear different opinions.

Another thing to consider is if you are living in the property.  I am assuming that this is just an investment property but if you house-hack or reduce your monthly living expense YOU are paying you might not necessarily need a positive cashflow.  Just another thing to consider.  Good luck and hope you can find a property soon.