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#and the method im using definitely isnt conventional
wulvert · 1 year
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TUMBLR DELETED MY ENTIRE ORIGINAL MUNDANE FACTS ASK IM SO. ##########. I HAD SO MANY QUESTIONS LOST 2 MY POOR MEMORY. anyways sorry i got distracted writing a pokemon dnd campaign. happy weed day!! nd paperteeth day woooo!!! i wish u luck in ur drawing!!!!! nyways heres um. A Lot Of Questions:
HAS AVERY NOT,,,CONSIDERED BUYING CUTLERY THAT ISNT SILVER,,,
does avery have a preferred alcoholic beverage like scarlet or does she just. not rly care as long as it has alcohol content
do any of her 11 brothers have names or nah. if they do ur very brave i would collapse on my 6th google search of "1998 Boy Names"
ur knowledge of strange asmr continues 2 fascinate me as someone who listens 2 like. repairation/restoration asmr alone with no talking ever. nyways since asmr um. probably? didnt exist in 1998 how does scarlet get her 60% sharp 40% human vampire gf 2 finally rest so she herself can sleep,,,does she have 2 drag the tv in nd play vhs tape whale noises,,,does she start doing her own asmr on the spot,,,does she just. cuddle avery so strongly she cant move. WOULD,,,WOULD SHE JUST WRAP AVERY IN COUNTLESS BLANKETS 2 IMMOBILIZE HER ND THEN SLEEP WHILE AVERY STRUGGLES OUT OF HER COCOON,,,
did avery immediately take agnes in upon finding that beast in the bin or was it like. agnes kept harassing her daily and before she knew it or could resist the bin demon wormed its way into her heart nd she adopted her.
is the hand discoloration like. a blood...hunger? blood...thirst? blood...starved? i forgot the terminology. u get it. thing or is it related 2 having claws.
WOULD scarlet nd avery ever consider adopting a 2nd cat,,,that is also vantablack with blue eyes that definitely wouldnt be an inkitties reference,,,or if scarlet gave into her fears would they get like. another tarantula/reptile/fish like scarlet used 2 have before the Tragedy,,,
if avery ever stopped being embarrassed about simply existing would she knit even more plush creatures 4 scarlet,,,would she finally share her knitting tips nd they would knit more of them together,,,
is averys little vampire fangs phone charm real teeth that she kept from some (dead) guy or are they like. fake. also wht charms does scarlet have,,,
would scarlet wear those like. fake little clip on ear piercings 2 cope with the fact she cant get more real ones anymore.
THE...THE AVES INCIDENT???? WHAT DID SHE DO TO HIM.
miscellaneous rly specific question: can vampires get tattoos post-vampirism or would their healing ability just like. obliterate the ink or smthn. if they had a tattoo pre-vampirism does it forever stay in the state it was when they were turned or does it still like. fade over the years like tats usually do.
NOO RIP UR OTHER QUESTIONS- IF UREMEMBER THEM LMK THATS SO SAD
Sorry if my answers r even less ledgible than usual, my laptops still deceased and i cant use touchscreen keyboards very well for some rrleason and tbh i cant spell vry well
SHE DOESNT NEED 2 USE CUTLERY ANYMORE💪💪💪💪& her knives have handles :)
i think shes less specific abt it but probably prefers like colourful cocktails that dont taste of alcohol at all but obliterate you because u sip at 7 of them in a row but then again she probably likes to come off as someone who likes plain whiskey but she actually doesnt.
....they do not. i am still awful at names. i leave naming characters to the last minute- but imo they have a pretty like. idk old man naming convention. like ur gonna get ur edwards and georges rather than ur i literally cannot think of a name i would consider non old man ok whatever anyway.
i have a problem in regards 2 asmr. its like. i tap on things. all the time. anyway yea asmr wasnt a thing in then so probably just sits her in front of bob ross or makes her go on a 10000 mile run before dawn so shes tired out enough to just zzz as soon as her head hits the pillow. either that or yea def cocoon blanket method. she doesnt have to sleep just has to be immobilised. scarlet also does that as mentioned. they r cocoons. together. avery uncomfortable bc she needs to stretch her legs. but trapped.
probably absorbed agnes immediately and forgot about her job for like a day of blissfully washing fleas off a kitten. avery likes animals & wouldnt be able to leave her in the bin, and far too attatched to rehome. she keeps agnes to herself usually though and doesnt talk about her- (scarlet told avery to bring agnes over with her so she wouldnt be home alone (she wanted to pet the cat) (avery agreed bc she feels bad about abandoning her while she was dead for a week) (agnes is still in scarlets house)
discolouration from lack of blood!! vampires have fairly bad circulation as is. so extremities get a little corpsey after a while without any juice- it goes away with prolonged blood drinking though.
i think they would consider it but i also think agnes is a hater and wouldnt be happy about another cat- i think a little betta tank would b an option for sure- but scarlet would probably like to have a lot of pets in general :^)
she would for sure definitely, she probably has knitted kelly stuff before shes just shy about it. and eventually avery will be emotionally secure enough to share knitting tips 😌 proud of her
they are real teeth. from a person she murdered. probably the first vampire she killed, before she started at the lumber co so no need 2 turn them in for money.
scarlet probably has an obscene amt of little charms. the little smiley faces & the little scooby bracelets.
those little little ear cuffs maybe, shes probably most sad she doesnt have any helix piercings
a glare so foul
i wouldnt say so, itd heal up pretty immediately before you could even finish tatooing. which sucks- tattoos from before vampirism are now locked the way they were when turned, so even if the leg gets sawed off the leg'll grow back with the tattoo on it.
lmk if i missed anythingIwant my laptop back!!!!!
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I recently found out that I'm a lesbian (I realized I don't like men at ALL) and I'm femme, but sometimes it bothers me that people might not know I'm a lesbian. Is there any way I can still be femme but dress in a way that Fellow Gays would be able to recognize me? (I realize that stereotypes don't matter- I'm just asking in case there's any advice you can give. If there's anything ignorant I said, please let me know, because I'm still pretty fresh to this. :) )
this is a thing! it’s called flagging, its dressing in a particular way in an attempt to signal to other wlw that you like women!
i can super relate, people never even entertain the idea that i might not be straight, and it can be hard to meet other women when you dont even come up on their radar
before i get any further, i should give a quick disclaimer: there is no one way to “look gay,” and you dont have to conform to any sort of fashion standard to be a part of the lesbian community. if you’re a lesbian, then congrats! you look like a lesbian! but sometimes other people don’t say it that way, which can be disappointing. so i get it. i’ve been there.
there is a lot of stuff online for flagging, but some basic things that a lot of women do to signal that they are into other women are very femme-friendly, although there are certainly ways to “look gayer” that might not suit your style
I have a “how to look gay” tag but knowing tumblr, i cant imagine any of my posts on it would come up with a search, so here are my hot tips!
some common (but sometimes used by straight girls) things would be:
 a flannel, i prefer mens because they are softer and warmer, but tying it around your waist can be a nice femme touch, although i will layer with flannels too.
you can double-denim/canadian suit it up. one way i like to do this is with like a black denim pant and a loose denim shirt or jacket over the top of a t-shirt. if double denim is too tacky for you, splitting it up into two separate-looking denims can help. but theres nothing wrong with a tacky denim get up!
things like undercuts or sidecuts, with one section of your hair buzzed short. may not be your style, but definitely gets the message across if youre into it
asymmetrical piercings. i have a double cartilage in my left ear but nothing special on my right. i hear industrial bars are a big thing, too. nose rings can be pretty hit or miss, i tend to believe they are gayer than other people do imo. but i have a nose stud so... i guess i cant really talk
in the same vein, tattoos. this one is also pretty hit or miss, because there are PLENTY of straight people who like tattoos (tats are cool, who can blame them) but i always think twice when i see a girl with a sleeve or a shoulder tat.
less conventional makeup. it doesnt even have to be too out there, but maybe like, you just dont wear foundation, or only do lipstick, or go really bold with your brows. my first term at college i saw a girl with really bold brows, a couple face piercings, and a flannel, and i just. Knew she was into women
boots. they dont have to be combat boots. but combat boots are pretty gay. people usually say wlw dont wear heels, but i know some who do.
accessories. this is a big one. i know a lot of lgbt people who are big on the rainbows, like rainbow bracelets, earrings, headbands, belts, pins, buttons, etc. generally i feel a little too loud with big rainbows all over my body, but there are other options! i like the interlocking venus symbols as a lesbian symbol, as its a bit more subtle but also relatively recognizable. i have two interlocking venus symbol necklaces, and a hat with a little rainbow on it. some lesbians like the labrys from the labrys flag, but it doesnt really seem as recognizably gay to me 
theres definitely a quirky kooky femme fashion niche that i (sadly) cant say im a part of, but a bunch of femmes like to dress kind of tacky. there’s a big joke about “tacky lesbian fashion” because lesbians can be known to wear some interesting combos, like crocs with a skirt, etc, but this can be dressed up, too. louder prints that might not be too appealing to the average straight man OR woman can be a subtle way to give off vibes
hats. the classic beanie. even in the year of our lord 2019, i know nary a straight girl who would dare don a beanie. its just so classically lesbian. but you can opt for a baseball cap or bandana, too. backwards hats? very gay. my belief is that this stems from the classic lesbian pastime, softball.
dyed hair. usually unconventional colors. this one can go both ways, too. pastels tend to be “less gay” but that doesnt mean there arent lesbians out there rocking some pastel pink hair. streaks or an ombre of a bright or non-natural hair color give off vibes. the ends of my hair have been purple on an off since i was a freshman in high school.
the way you carry yourself. this one isnt a way of dressing, yeah, but it can be just as effective. my gaydar tends to go more off behavior/body language than appearance. it obviously isnt 100% (none of flagging ever is) and takes some practice, but I’ve generally been pretty good at figuring out if someone is gay from interacting with them. it isnt instant, takes practice, and can easily be wrong, but its usually my method of choice. unfortunately, this method almost NEVER gets the point across the straight people, who tend to think if you have long hair then there’s no WAY you could be a lesbian. body language to look out for: not sitting in chairs properly (a meme that reflects reality) like “manspreading” but as a woman, generally more confidence/self-assuredness, focusing more on women, being less “meek” and more “aggressive” with taking up space, accommodating for women’s comfort but not for mens, disregard of the male gaze, that sort of thing.
lastly, all of these things are just suggestions of how to “look gayer” based off stereotypes, some of which were played up by the lesbian community in an attempt to find each other. you dont have to change how you dress, act, look, or anything else to be a real lesbian or to “look” like a lesbian, because there is no one “thing” that lesbians look like. some of us dress to stereotypes, and some of us dont, but we are all lesbians at the end of the day, dressing and looking the way you feel most comfortable should be the goal. if that includes some things on this list, great! if not, thats fine too! you don’t have to do everything. just the stuff you feel good about
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newtgeizzler · 6 years
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is newmann the dynamic? i found out (but i bet you can guess the answer)
and, on a side note,  i wrote most of this when i was really tired so like, excuse any artistic liberties from me getting emotional/projecting
newt geiszler:
honestly? he's an absolute nightmare and hermann IS a sweaterboy, but to dispute any doubts, ill go through it thoroughly
the Absolute Nightmare is someone who has entirely rejected the task of trying to conform to societal norms. They know they don’t fit in. They know they’re not like everybody else. And while they are outwardly bold and defiant and confident, they’re often very lonely. They internalize their issues; they may be mistaken for aloof and uncaring when, in fact, they have Big Feelings." -The Niche
"You are an ABSOLUTE NIGHTMARE. Don’t worry, though! We mean it as a compliment. You are flamboyant and helpful and loving. You have a lot of internalized issues, so you’re often mistaken for emotionless, but you have feelings. Big feelings. And it hurts! You’re strong all the time; you have to be, just to survive. You need a partner you can be weak with." - The Niche
in the most basic sense, is newt an absolute nightmare? uhhhh yeah. has he entirely stopped attempting to conform to societal norms? oh yeah, i think the kaiju tattoos are the most physical result of that, but it's apparent everywhere else, too. outwardly bold, defiant, & confident, but actually lonely? just call him out will you. internalized issues? oh ya you betcha. i dont think the aloof part shows up in him exactly, but irt the whole kaiju/world-ending stuff he probably comes across as uncaring sometimes, though he *definitely* does have Big Feelings. he is definitely flamboyant, helpful, & loving! has to be strong all the time & needs a partner he can be weak with? Oh You Know
but just to be sure... let's compare with sweaterboy qualities
"The Sweaterboy is stable. The Sweaterboy is settled. The Sweaterboy lives within a familiar pattern, and is, in all likelihood, highly competent at what they do. But is the Sweaterboy happy? Fuck no, dude! For all the love and devotion and loyalty that the Sweaterboy puts out into the world, they rarely receive any such appreciation or recognition in return. And the Sweaterboy thinks that this is what relationships — of any kind — should look like: giving and giving and giving, and never actually asking for what they want. Because that would be selfish. The Sweaterboy would never want to burden anyone; the Sweaterboy, deep down, fears very much that they are a burden." - The Niche
"You are a SWEATERBOY. And sweaterboys can be any gender, so don’t worry about that even one iota. You are protective and fierce and loving, although your calm, plain exterior might not give it away. You’re tired. You’re sarcastic. You need a flamboyant partner to teach you not to live by the societal conventions that have constrained you all your life. You would die for your partner, but you’ve never had the luck." - The Niche
is he stable, settled, and calm/plain? have we met the same character? i can see some arguments for newt being a sweaterboy irt being giving & fiercely loving, but as a whole? he's just not a sweaterboy. he doesnt need a flamboyant partner to teach him to live outside societal conventions & routine, bc he is that partner. is he happy? probably not, but he isnt going to find that happiness with another absolute nightmare. also, i can see the arguments for what constitutes an internalized vs externalized issue where the lines blur, but the various canon and canon-adjacent info on his mental health issues really do lead me to thinking that he has mainly internalized issues, not externalized onesa
analysis 1: newt's an Absolute Nightmare
hermann gottlieb
i mean, you all know what i think of course, but for sake of retaining a semblance to the scientific method here, ill go through it again. plus, he really does have some absolute nightmare tendencies. im using the same quotes as above but i wont paste them down here for risk of making this longer than it needs to be
does he have any absolute nightmare qualities? yeah, id say so. he definitely has some internalized issues, though i think he has mostly externalized ones or ones with external origins (such as his father, or his physical disability) than ones that have like, a firmly internal origin and stay internalized. personally, i do still think he has those internalized issues and mental health problems, but i think thats mostly projection and headcanons so im keeping it out. the thing is, he isnt really “outwardly bold, defiant, or confident” in the way newt is, and certainly not in a way that rejects societal norms entirely, yknow? like i can see the part with him being mistaken for aloof where he actually has Big Feelings, but the core part of the absolute nightmare just isnt there the same way it is for newt.
now, when it comes to sweaterboy, i think he really has the core of it down. at its most basic, he really is a boy in sweaters. usually quite a few. but also, he really is the stable, settled, pattern-seeker of a scientist that fits into sweaterboy quite well. he IS tired and sarcastic, with a plain exterior, restrained by his role and society’s conventions. he really isnt happy, but he is devoted to his work and rather fierce and protective of a world he’s probably disillusioned by. he really is just trying to prove he’s worth it to this world and he needs someone to tell him he doesnt need to prove himself to anybody bc he’s already enough for them.... man i gotta stop or ill get emotional
okay okay anyway, clear enough answer. to me at least.
analysis 2: hermann’s a Sweaterboy
conclusion: theyre the fucking Dynamic babey!!!!!!
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weednvapes · 4 years
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How I'm Living Rent-Free in the Most Expensive City in America (Using House Hacking!)
As co-host of the BiggerPockets podcast, I have the privilege of speaking with successful investors on a weekly basis. Brandon Turner and I dive deep into their stories and noticeable patterns tend to emerge. Among many of those who have seen success, theres a common denominator: they got their start house hacking. What is House Hacking? House hacking can be done in many ways, but at its core, its the concept of buying a property to live in while using part of it to generate income. Depending on where you live, there are different opportunities, strategies, or techniques to execute this concept. What wont change, however, is the impact it can have on your financial life and the doors it can open. Namely, its a way to ease yourself into the world of real estate investing. A House Hacking Success Story In addition to hosting the podcast and investing, Im a real estate agent. Id like to share one of my clients success stories. One day Ryan Meinzer heard Brandon and me talking about house hacking on the podcast. He decided to do what many others do not: take action. After calling to let me know about his plan, Ryan and I went to dinner. We broke down his goals, his strategy, and his understanding of what he was trying to accomplish, which was to buy a property in uber expensive San Francisco without having to pay through the teeth for it. That conversation became the first step on a journey that would ultimately lead to Ryan finding a massive deal, adding big value to it, and living for somewhere between cheap to free in the most expensive city in the country. Think this is all hype? Not for Ryan, it wasnt! His determination, intelligence, and can-do attitude led to him hitting a home run on his first try. To make it even better, Ryan has agreed to open up his playbook and share a lot of what he did to make this possible. The following is Ryans account of his story, his thought process, and his ultimate success finding a property that paid for him to live in the city he loves. It was a move that simultaneously opened the door for more deals, more wealth, and more real estate! So, if youve ever been thinking about house hacking yourself, learn from and be encouraged by Ryans journey!
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Living Rent-Free in the Most Expensive City in AmericaAn Investor Tell-All by Ryan Meinzer My story isnt unique. All thats unique is that I finally put my mind and money where my mouth was. Its what enabled me to live rent-free where I left my heart: San Francisco. Ill first share the house hacking process by which I accomplished financial freedom through real estate. Then, Ill provide an overview of how I found the rare deal I knew my agent David Greene and I could win in one of the most competitive real estate markets in the world. After dumping money into thin air (rent) for 15 years, I decided that enough was enough.I set the goal of living rent-free through real estate. How? By house hacking, which to me meant making the sacrifice to live with others at age 35, in order to have them pay my mortgage. I had heardDavid on theBiggerPocketspodcast talk about this concept time after time. Theres no complicated financial algorithms involved in the process. The idea is to find a place you can afford to buy where the rent you can charge your roommate(s) will exceed your mortgage. In San Francisco, this is not too difficult. Rents are the highest in the nation, and demand is through the roof. House hacking inherently requires sacrifice. It could be sharing a bathroom, wall, and/or kitchen with a roommate. In my case, it was all three. I began by utilizing some of the principles of BRRRR, retrofitting an open living room into a private bedroom. These are definitely first world problems, but sacrificing a bit of privacy required a big mind shift for me, as I had been so used to living in studios (and living with OCD) for the past 10 years. I got over it within a few months by letting go of full control, which turned out to be quite liberating. Who would have thought sharing a toilet with someone would be a blessing in disguise? Many investors have rigid perspectives about real estate. They believe a property is either an investment property (rental) or a luxury expense (primary residence). House hacking allowed me to take a luxury and make it a sound investment, combining both worlds and growing my net worth considerably in the process. If you look at the return on investment (ROI) on my down payment and consider how much money Im saving a month on my previous living expensesnot to mention factor in principle reduction and tax savingsit becomes crystal clear this move not only allowed me to live where I want, it was also an amazing investment of capital. Time was my most valuable asset in finding the deal. I gave myself a full year to research the market and prepare my finances accordingly.From living in the city for five yearsand renting out five apartments on Airbnb, I knew every pocket of San Francisco fairly well, along with its respective rent yields. What I didnt know was how competitive the market to buy was and how exactly to win deals. Unsurprisingly, I vastly overestimated the number of house-hackable properties there were available. I also quickly realized that only millionaires orDINKs (double income, no kids) were winning deals on such properties. They did so by offering upward of 20 percent higher than the propertys asking price. As a single guy who wasnt a millionaire, how could I be competitive in that market? I needed more than money. Finding a deal for me meant finding a very rare type of property in San Francisco, one categorized as tenancy in common (TIC). In short, a TIC property is owned through a legal partnership by individuals. Those individuals then have a separate agreement to designate which areas/units of an entire building are owned and occupied by whom. As TICs are unconventional, they require non-conventional financing (as opposed to conventional mortgage loans)offered by merely a few banks with extremely strict underwriting requirements, including exceptionally high down payments and credit scores. This makes TICs drastically harder to finance/buy and thus reduces the sellers price by as much as 20 percent below the market compared to a standard condominium. Voil! If I could finance a TIC at asking price, I could afford it. Plus, the majority of the competition would be weeded out, unable to bid.
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Now all I had to do was save, build my credit, and find a TIC. So, over the course of a year, I saved by reducing my spending as much as possible andbuilt my credit by all the standard means. Although it took David and I nearly six months to find my TIC, it proved to be the easiest part. We were laser-focused on finding a niche property with non-conventional financing that was outside of nearly everyones scope. Its easy to question this complex process and worry about what could go wrong. Its no coincidence that I waited a year and did a ton of research before feeling comfortable. As he mentioned previously, prior to moving forward, I met withDavid to go over my strategy, look at potential hiccups, iron out some smaller details, and make sure I understood the contracts and due diligence involved in the sale. I think this is an important step in covering all your bases. But now that Ive done it, I encourage everyone to house hack if they can. I also recommend they find someone familiar with the process who can look over their plan and address any issues they might have missed. In real estate, its what you dont know that can hurt you. So, having a professional set of eyes look over your deal is a great way to reduce your risk. Its also free if youre the buyer! Currently, I live happily ever after in my favorite city in the world by having roommates pay my mortgage. I won the rare property deal I found through research, time, and fiscal responsibility. Im currently in the process ofconverting my TIC into a condo, a move that will cause it to appreciate by up to 20 percent overnight. Its a value add that will take this deal from great to super greatbut thats a blog post for another day. What I Love About Ryans Journey Its me again, David, with my final thoughts on Ryans journey. Ryan didnt just hear about a cool strategy and sit on it. He immediately reached out and started taking steps to act on it. When problems came up during escrow (which they always will), Ryan didnt let it deter him or make excuses to quit. Instead he systematically broke down each hurdle into smaller obstacles, and we put our heads together to determine the best way to overcome them. Ryan looked forways to make the deal he found happen, as opposed to looking elsewhere for one so easy he wouldnt have to think. If youve ever wanted to own a home but didnt want to acquire the mortgage that comes along with it, I encourage you to consider this strategy! Real estate investing is all about building wealth through investment properties, and there are many creative ways to do just that. Thirty years from now, Ryan will own a multi-million dollar asset that has been paid off by his tenants and generates strong, healthy cash flow every month. By taking advantage of his resources today, hes securing himself a better tomorrow.
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Could you be doing the same? If you dont think a house hack is for you, which other method of investing would you be willing to try? Let me know in a comment below. https://www.biggerpockets.com/blog/house-hacking-case-study
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How I'm Living Rent-Free in the Most Expensive City in America (Using House Hacking!)
As co-host of the BiggerPockets podcast, I have the privilege of speaking with successful investors on a weekly basis. Brandon Turner and I dive deep into their stories and noticeable patterns tend to emerge. Among many of those who have seen success, theres a common denominator: they got their start house hacking. What is House Hacking? House hacking can be done in many ways, but at its core, its the concept of buying a property to live in while using part of it to generate income. Depending on where you live, there are different opportunities, strategies, or techniques to execute this concept. What wont change, however, is the impact it can have on your financial life and the doors it can open. Namely, its a way to ease yourself into the world of real estate investing. A House Hacking Success Story In addition to hosting the podcast and investing, Im a real estate agent. Id like to share one of my clients success stories. One day Ryan Meinzer heard Brandon and me talking about house hacking on the podcast. He decided to do what many others do not: take action. After calling to let me know about his plan, Ryan and I went to dinner. We broke down his goals, his strategy, and his understanding of what he was trying to accomplish, which was to buy a property in uber expensive San Francisco without having to pay through the teeth for it. That conversation became the first step on a journey that would ultimately lead to Ryan finding a massive deal, adding big value to it, and living for somewhere between cheap to free in the most expensive city in the country. Think this is all hype? Not for Ryan, it wasnt! His determination, intelligence, and can-do attitude led to him hitting a home run on his first try. To make it even better, Ryan has agreed to open up his playbook and share a lot of what he did to make this possible. The following is Ryans account of his story, his thought process, and his ultimate success finding a property that paid for him to live in the city he loves. It was a move that simultaneously opened the door for more deals, more wealth, and more real estate! So, if youve ever been thinking about house hacking yourself, learn from and be encouraged by Ryans journey!
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Living Rent-Free in the Most Expensive City in AmericaAn Investor Tell-All by Ryan Meinzer My story isnt unique. All thats unique is that I finally put my mind and money where my mouth was. Its what enabled me to live rent-free where I left my heart: San Francisco. Ill first share the house hacking process by which I accomplished financial freedom through real estate. Then, Ill provide an overview of how I found the rare deal I knew my agent David Greene and I could win in one of the most competitive real estate markets in the world. After dumping money into thin air (rent) for 15 years, I decided that enough was enough.I set the goal of living rent-free through real estate. How? By house hacking, which to me meant making the sacrifice to live with others at age 35, in order to have them pay my mortgage. I had heardDavid on theBiggerPocketspodcast talk about this concept time after time. Theres no complicated financial algorithms involved in the process. The idea is to find a place you can afford to buy where the rent you can charge your roommate(s) will exceed your mortgage. In San Francisco, this is not too difficult. Rents are the highest in the nation, and demand is through the roof. House hacking inherently requires sacrifice. It could be sharing a bathroom, wall, and/or kitchen with a roommate. In my case, it was all three. I began by utilizing some of the principles of BRRRR, retrofitting an open living room into a private bedroom. These are definitely first world problems, but sacrificing a bit of privacy required a big mind shift for me, as I had been so used to living in studios (and living with OCD) for the past 10 years. I got over it within a few months by letting go of full control, which turned out to be quite liberating. Who would have thought sharing a toilet with someone would be a blessing in disguise? Many investors have rigid perspectives about real estate. They believe a property is either an investment property (rental) or a luxury expense (primary residence). House hacking allowed me to take a luxury and make it a sound investment, combining both worlds and growing my net worth considerably in the process. If you look at the return on investment (ROI) on my down payment and consider how much money Im saving a month on my previous living expensesnot to mention factor in principle reduction and tax savingsit becomes crystal clear this move not only allowed me to live where I want, it was also an amazing investment of capital. Time was my most valuable asset in finding the deal. I gave myself a full year to research the market and prepare my finances accordingly.From living in the city for five yearsand renting out five apartments on Airbnb, I knew every pocket of San Francisco fairly well, along with its respective rent yields. What I didnt know was how competitive the market to buy was and how exactly to win deals. Unsurprisingly, I vastly overestimated the number of house-hackable properties there were available. I also quickly realized that only millionaires orDINKs (double income, no kids) were winning deals on such properties. They did so by offering upward of 20 percent higher than the propertys asking price. As a single guy who wasnt a millionaire, how could I be competitive in that market? I needed more than money. Finding a deal for me meant finding a very rare type of property in San Francisco, one categorized as tenancy in common (TIC). In short, a TIC property is owned through a legal partnership by individuals. Those individuals then have a separate agreement to designate which areas/units of an entire building are owned and occupied by whom. As TICs are unconventional, they require non-conventional financing (as opposed to conventional mortgage loans)offered by merely a few banks with extremely strict underwriting requirements, including exceptionally high down payments and credit scores. This makes TICs drastically harder to finance/buy and thus reduces the sellers price by as much as 20 percent below the market compared to a standard condominium. Voil! If I could finance a TIC at asking price, I could afford it. Plus, the majority of the competition would be weeded out, unable to bid.
Tumblr media
Now all I had to do was save, build my credit, and find a TIC. So, over the course of a year, I saved by reducing my spending as much as possible andbuilt my credit by all the standard means. Although it took David and I nearly six months to find my TIC, it proved to be the easiest part. We were laser-focused on finding a niche property with non-conventional financing that was outside of nearly everyones scope. Its easy to question this complex process and worry about what could go wrong. Its no coincidence that I waited a year and did a ton of research before feeling comfortable. As he mentioned previously, prior to moving forward, I met withDavid to go over my strategy, look at potential hiccups, iron out some smaller details, and make sure I understood the contracts and due diligence involved in the sale. I think this is an important step in covering all your bases. But now that Ive done it, I encourage everyone to house hack if they can. I also recommend they find someone familiar with the process who can look over their plan and address any issues they might have missed. In real estate, its what you dont know that can hurt you. So, having a professional set of eyes look over your deal is a great way to reduce your risk. Its also free if youre the buyer! Currently, I live happily ever after in my favorite city in the world by having roommates pay my mortgage. I won the rare property deal I found through research, time, and fiscal responsibility. Im currently in the process ofconverting my TIC into a condo, a move that will cause it to appreciate by up to 20 percent overnight. Its a value add that will take this deal from great to super greatbut thats a blog post for another day. What I Love About Ryans Journey Its me again, David, with my final thoughts on Ryans journey. Ryan didnt just hear about a cool strategy and sit on it. He immediately reached out and started taking steps to act on it. When problems came up during escrow (which they always will), Ryan didnt let it deter him or make excuses to quit. Instead he systematically broke down each hurdle into smaller obstacles, and we put our heads together to determine the best way to overcome them. Ryan looked forways to make the deal he found happen, as opposed to looking elsewhere for one so easy he wouldnt have to think. If youve ever wanted to own a home but didnt want to acquire the mortgage that comes along with it, I encourage you to consider this strategy! Real estate investing is all about building wealth through investment properties, and there are many creative ways to do just that. Thirty years from now, Ryan will own a multi-million dollar asset that has been paid off by his tenants and generates strong, healthy cash flow every month. By taking advantage of his resources today, hes securing himself a better tomorrow.
Tumblr media
Could you be doing the same? If you dont think a house hack is for you, which other method of investing would you be willing to try? Let me know in a comment below. https://www.biggerpockets.com/blog/house-hacking-case-study
0 notes