House Hacking in Kenosha

[Cj Holster]

Looking to buy a house within Kenosha to house hack. The plan was originally to try and buy a multi-family home such as duplex or triplex. I unfortunately haven't had any luck getting approved outside of single-family homes. The new plan is to buy a house hack and reno the place to help keep cost down as well as help with any hiccups that may occur. I know generally the areas that I would want a house and currently in the looking for a real estate agent/browsing at the listing phase. Any help with things to look out for and any advice would be greatly appreciated.

[Edgar Perez]

@Cj Holster

If you are local to the area I would suggest going through associated bank or educators as in the past the have been more buyer friendly.

Personal experience I have 2 properties with educators first was in 2017 and they offered a very attractive first time home buyer program, I would inquire to see if they still offer that, I used it on a 4plex.

Feb 2020 I closed on a Kenosha duplex with Associated bank with 15% down and they offered 4K towards down payment for qualified buyer.

I had a duplex denied through chase because the upper unit didn’t have carpeting and was down to the subfloor would not suggest going through them without exploring other options.

I’ve house hacked each of my : properties and haven’t paid more than 15% down. Now I don’t know how the current state of the nation has affected lending but even still I highly suggest checking out these two places if not more local banks.