The Leonard Letter

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The hottest Substack posts of The Leonard Letter

And their main takeaways
78 implied HN points 08 Sep 23
  1. House hacking a $998k duplex in Oakland may not be financially viable in the short-term due to high monthly costs.
  2. Consider alternative rental strategies like furnishing rooms for students or exploring short/medium-term housing to increase income potential.
  3. In markets like Oakland, renting may be more financially beneficial than buying, especially with low interest rates and restrictions on potential rental income.
19 implied HN points 19 Jan 24
  1. House hacking a fourplex in Boise with renting possibilities near the university could be a smart move for your portfolio.
  2. Initial financial analysis shows a slight monthly loss, but potential to increase income by furnishing rentals and bundling utilities.
  3. Consider leveraging student housing demand and available options to generate additional income and potentially turn the property profitable.
19 implied HN points 11 Jan 24
  1. Analyzing a real estate deal requires considering various financial aspects like mortgage, expenses, and rental income
  2. It's crucial to calculate potential expenses for maintenance, repairs, and vacancies to assess the overall profitability
  3. Before investing in a property, evaluate if the financial investment aligns with the income generated to avoid significant losses
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0 implied HN points 01 Aug 23
  1. The house hack involves renting out rooms in a single-family home near Duke University.
  2. The initial numbers show a slight monthly loss in the first year of living in the property.
  3. Strategies like furnishing rooms and bundling utilities can help increase rental income to break even sooner.