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House Hacking a Fourplex in Maryland As My First Investment Property

  Рет қаралды 32,340

BiggerPockets

BiggerPockets

Күн бұрын

Пікірлер: 66
@notarant5107
@notarant5107 2 жыл бұрын
She sound like she’s about to cry with how much she’s been through in this process ✊🏽✊🏽❤️❤️
@Laurenasmity
@Laurenasmity 3 жыл бұрын
Really appreciate your honestly about how long it takes and how challenging it can be. I’m in the process and it is not as easy as it seems. I am not giving up though!!
@CaseyBurnsInvesting
@CaseyBurnsInvesting 3 жыл бұрын
If you’re smart you get others to pay for your living expenses.
@Officialerikledezma
@Officialerikledezma 3 жыл бұрын
Ok Casey
@Learninghowtorebuild
@Learninghowtorebuild 3 жыл бұрын
How will he do about that ?
@Je.rone_
@Je.rone_ 3 жыл бұрын
SHOUT TOO MARYLAND WE OUT HERE
@TheKoolioz
@TheKoolioz 3 жыл бұрын
Black Vito, you here too! I seen you on CNBC and Graham Stephan's channels
@NWCARROLL
@NWCARROLL 3 жыл бұрын
Why is he yelling at the beginning? Geez settle down dude!
@alexanderfelice
@alexanderfelice 3 жыл бұрын
I never settle down 😈
@Laurenasmity
@Laurenasmity 3 жыл бұрын
Lol!!
@successwithstacee9290
@successwithstacee9290 3 жыл бұрын
This is an amazing story!! Congratulations on the house hack. I've learned so much on BP as well.
@Thisguy418
@Thisguy418 3 жыл бұрын
Great job but It was a really bad idea for them to put her address in the video. Not good for her privacy considering that this video will be on here for years to come. They should take it down and edit it and repost.
@totoshka4336
@totoshka4336 3 жыл бұрын
They can blur it now in youtube editor without removing the video
@adamsmithproperties2528
@adamsmithproperties2528 3 жыл бұрын
Thanks for putting this on and sharing your knowledge, was very excited once I saw the notification!
@2kinkee4u
@2kinkee4u 3 жыл бұрын
Yessss.... Baltimore in the house. Im working on my hack now. Hoping a short sale goes through.
@mikejr1152
@mikejr1152 2 жыл бұрын
Bmore in the building 👑hi Steffanie did your short sale go well?
@2kinkee4u
@2kinkee4u 2 жыл бұрын
It did not. I bought another duplex though. Can't win them all.
@mikejr1152
@mikejr1152 2 жыл бұрын
@@2kinkee4u as long as you were able to find growth through a situation you still won🥇. I am currently looking for a meet-up group to attend,can you point me in the right direction?
@2kinkee4u
@2kinkee4u 2 жыл бұрын
@@mikejr1152 are you a member of mareia? We have online and in person meetups.
@mikejr1152
@mikejr1152 2 жыл бұрын
@@2kinkee4u no but would you be willing to share that info with me so I can check it out an I'd appreciate that. Working on building an it be great to connect with some "like minded" individuals.
@itsraheem
@itsraheem 3 жыл бұрын
I actually cash flow my first house hack at75% occupied !!
@Niyahb_2028
@Niyahb_2028 3 жыл бұрын
put me on I need advice
@iamnobody9001
@iamnobody9001 2 жыл бұрын
@@Niyahb_2028 do you want advice? Buy a property that is a really good deal and will make you the most amount of money with the least amount of investment required. Create social connections to help find those good deals. It pays to know people after all.
@jordanaubrey-realestateinv334
@jordanaubrey-realestateinv334 3 жыл бұрын
House hacking is very underrated i love that strategy!
@solo.life.travels7215
@solo.life.travels7215 2 жыл бұрын
Do you HH?
@brianburke808
@brianburke808 2 жыл бұрын
First off, a very belated congrats! I hope you have even more properties by now! question - Am I missing something, or does $16,796 o na $430k purchase seem a bit high to anyone else? Roughly 4%.
@iamnobody9001
@iamnobody9001 2 жыл бұрын
4% of 100k = 4k. 100k x 4 = 400k 4k x 4 = 16k. 4% is much better than 25% or more down. It does require you to live in that home for at least a year though. So considering the alternative, 4% is not high at all. If you’re arguing the exact amount that she had to put down, there are a lot of factors in play.
@onikac.8446
@onikac.8446 3 жыл бұрын
Congrats Kelly! Have the same dream! Working on it. I live near Bmore. Yay!
@chriskennedy5341
@chriskennedy5341 3 жыл бұрын
Such good positive vibes from this video. You need to start your own channel Kelly!
@DIY4CFH
@DIY4CFH Жыл бұрын
Congrats! I live in Maryland and would love to find a small multifamily with low barrier of entry. I just don't know about the Baltimore Market, it can be daunting. Any specific neighborhoods you would recommended?
@ReedGustavsen
@ReedGustavsen Жыл бұрын
Hi Cristian, I also live in Baltimore and attend the local BP real estate meetup. I’ve help several people in our group find and buy their multifamily and single family properties.
@byamukamaoliver966
@byamukamaoliver966 Жыл бұрын
Gal I enjoyed your video .... I think the sky will be the limit .....
@diamante1ification
@diamante1ification 3 жыл бұрын
First of all Kelly M great presentation. Love the honesty and energy. Second love the property based on what I've seen thus far It looks to have great character and charm . Keep it up your doing good.
@onlinestorytime6875
@onlinestorytime6875 3 жыл бұрын
Congrats Kelly! One thing i noticed on the report was PI was included but not Taxes & Insurance.
@davelamb3303
@davelamb3303 3 жыл бұрын
Great story and thanks for sharing. Cheers!
@DIY4CFH
@DIY4CFH Жыл бұрын
She sounds like me....I obsess and I'm a perfectionist. Glad to hear that's helping her.
@helenegoderis8986
@helenegoderis8986 3 жыл бұрын
I love her energy
@yolandacook4420
@yolandacook4420 Жыл бұрын
Hi Kelly..a late Congrats to you. Charles Village/ Mt Vernon brownstones are beautiful. I live in Baltimore. I hope you have had much continued success in the business and hacking in the area. Im curious if you still have the tenant paying $650..that is almost like living for free in that area. LOL..I am sure they are staying forever! Do you offer consultations, on hacking? Did you use a FHA 203k for any repairs?
@XXX-cn7gj
@XXX-cn7gj 3 жыл бұрын
Quick question: has the mortgage insurance ? And did she just refinance once she hit the 20% equity mark to move out ?
@MrBmic
@MrBmic 3 жыл бұрын
Congrats. Great story.
@markmangano1731
@markmangano1731 2 жыл бұрын
Great job so smart 👍
@InvestorCenter
@InvestorCenter 3 жыл бұрын
Anyone have experience house hacking in Jersey city? I am trying to do it but can’t make the numbers work
@DanielRicany
@DanielRicany 3 жыл бұрын
I've never found a property in anywhere in NJ where I could make the numbers work. Taxes and prices too high
@InvestorCenter
@InvestorCenter 3 жыл бұрын
@@DanielRicany that’s good to know. Thank you. I think I’m going to be an out of state investor and invest in more affordable markets
@rnt45t1
@rnt45t1 2 жыл бұрын
WHHHYYYYYYY do all of KZbinrs YELL at me as soon as I start the video? Like, chill... it's Saturday morning, I haven't even had my coffee yet.
@aliu760
@aliu760 2 жыл бұрын
what website did she say she could use for the connections
@aliu760
@aliu760 2 жыл бұрын
bp? ohhh bigger pockets
@evanobrien2429
@evanobrien2429 3 жыл бұрын
Great video, Kelly! The host needs to dial it down. The over excited vibe is obnoxious.
@jamiex6072
@jamiex6072 2 жыл бұрын
Love this
@robertkoulefianou8453
@robertkoulefianou8453 3 жыл бұрын
Hello Kelly
@DanielRicany
@DanielRicany 3 жыл бұрын
I'm wondering why this property is featured when it doesnt seem like it abides by the 50% rule that BP pushes so much even despite the house hacking part? Genuinely curious.
@ZayTson
@ZayTson 3 жыл бұрын
The 50% rule is for expenses, not including your mortgage. However, in this video the amount listed for her monthly expenses does include the mortgage. So you would have to deduct that amount, which would bring the ratio under the 50% threshold.
@RaceOfHumans000
@RaceOfHumans000 2 жыл бұрын
No individual privacy no más, good informational video though
@black_guardd1194
@black_guardd1194 3 жыл бұрын
Is it possible to buy a 4plex in Phoenix or Austin tx with this method? Seems house are a bit high
@juderocks5
@juderocks5 3 жыл бұрын
Phoenix and Austin are far cheaper than Baltimore. So yes, it should actually be easier
@kramerestate629
@kramerestate629 3 жыл бұрын
Are you looking to purchase an investment property that will cash flow at least 1% per month? Kramer Estate is a licensed real estate team that specializes in real estate investments in Maryland. Reach out to us at contact@kramerestate.com!
@lifestylesfitness9403
@lifestylesfitness9403 3 жыл бұрын
I don't think this is a perfect deal but it is a good deal
@1.5Koreans0.5American
@1.5Koreans0.5American 3 жыл бұрын
FIRST🔥
@maxmorgan9867
@maxmorgan9867 3 жыл бұрын
What’s the REAL repair costs? Oh btw - you NEVER really own Real Estate - you are just the caretaker of it until the government takes it
@WeAllWeGot333
@WeAllWeGot333 2 жыл бұрын
Life is all about perspective
@1776Based
@1776Based Жыл бұрын
?
@jameslebron7458
@jameslebron7458 2 жыл бұрын
Whhhoopoo
@michaelgonzalez8863
@michaelgonzalez8863 3 жыл бұрын
If you just truly embrace capitalism you will have a free life
@xo2308
@xo2308 3 жыл бұрын
How do you mean? Teach me please
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