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Wale Lawal on Muck Rack

Wale Lawal

As seen in: Medium, Financial Times, New York Magazine, Quartz, AllEvents, BiggerPockets, Brittle Paper, The Republic Lagos, The Republic (Nigeria), SaharaWeeklyng and
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Articles

Single family house hack turned into a long term rental, looking for next deal

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By Wale Lawal, Jesus Cruz Suarez, Jesús Luis Suárez, Ally K Finik
| BiggerPockets Verified
I was following the American Dream when I purchased my first single-family home in the quiet suburbs of Hartford, CT at the age of 24. I worked countless hours of overtime as a first responder to raise the capital I needed to purchase what I believed would be my biggest asset (this is before I knew about Robert Kiyosaki). The first three years of home ownership were humbling. The bills were due, everything broke, everything needed to be fixed and worst of all - it was all my responsibility.
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Rental Comp Determining Factors

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By Zac Bowden Verified, Joe Funari, Wale Lawal
| BiggerPockets Verified
@Zac Bowden when running rent comps here in the Dallas/Ft. Worth area you look at plus or minus 300 square feet to get "comprable" rentals. You don't look at age for rentals. But making sure that the comps you pull have similar finishes, updates, appliances, etc. But also make sure you are comparing the same number of bedrooms, bathrooms, and garage spaces too. A good rule of thumb is get 6 total comps and pull the average rents. You should be able to lease quickly based on these averages.
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I'd like some opinions and advice on how I could house hack.

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By Wale Lawal, Noah Deason, Cham Vee
| BiggerPockets Verified
Hello Noah Deason, It’s wonderful that you wanted to start your investment journey very early. I appreciate that. To have equity in a home, the loan doesn’t need to be on your name.
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