Enjoying the Process Part 8

[Ashley K. Butler]

Hello and great evening BP Community from the Great State of Arizona!

Here’s an update on the journey to purchase a property to house hack.

I was looking for properties and working with agents to purchase a property to house hack in the Pinal County, Chandler, Gilbert, or Queen Creek, AZ markets. I was looking for a small multifamily property, but pivoted to focusing in on the single family property and renting out the rooms, and became very interested in the Casita (or Mother-in-Law Suite) set up.

So far, I have:

* (Attempted) gone through the preapproval process to figure out how much I can afford going the VA Home Loan route with no money down, and with speaking with several lenders, running my credit several times, and even attempting to get a family member to cosign, I do not qualify for very much at all on my own, at least to where I would feel comfortable living in a place for 12+ months.

* Been consistent with networking and connecting with new people.

* Continued my personal education by listening, studying, and reading of several books, audiobooks, and podcasts. I’ve also been focusing on getting back into the financial services industry, and putting my licenses to work, as I have learned a great deal about R. Nelson Nash and his Infinite Banking Concept and how I can apply that to Real Estate for myself and others.

* Been consistent with playing Robert Kiyosaki’s Cash Flow Board Game at a meetup and am still learning so much more every time I play.

* Over $16K in savings and credit is still at least over 700, but my savings rate slowed this month.

* Put W-2 work search on pause, since surgery is coming up in less than a month.

* Registered and start my classes online for Software Engineering on Saturday, and will be saving the tuition assistance payments the VA will be paying out.

* I spoke with an investor yesterday and he mentioned going the seller-financing/subject-to route, which I am totally open to. However, in that case I would not want to house hack, since I would not be able to use my VA loan. I would just simply rent it out.

As always, the focus for me in 2023 (and life) is still #GetBetter #GetSmart #GetWealthy.

BP Community I’d love to hear your thoughts.

Well, that’s all for now, and until then I am enjoying the process and hope you are too!