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Updated over 4 years ago on . Most recent reply

User Stats

7
Posts
2
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Juan Hernandez
2
Votes |
7
Posts

House Hacked Two Family, Now getting ready for a invest again NYC

Juan Hernandez
Posted

Hello all! I house hacked a Multi -Family Home in Queens, NY almost 3 years ago.  I'm ready to invest again next year but want to make sure my taxes are done correctly.  I don't want to write too many things off to make sure I'm approved on another loan.  Want to find the sweet spot.   Also, can I do primary residence again on the next loan if I plan to move there and leave this multi-family home fully rented.  Thank you all!

Most Popular Reply

User Stats

7
Posts
2
Votes
Juan Hernandez
2
Votes |
7
Posts
Juan Hernandez
Replied
whats up brother,
My first house hack is in Rosedale. Prices refuse to stop going up it’s pretty insane. I did FHA 3.5% and in 3 years I have 20 plus% in Equity.  

I want to stick to the ozone park/Jamaica/Springfield gardens/ Rosedale neighborhoods. 800k plus neighborhood.  A lot of outdated multi family houses that once in a while go on the market for 500k or a little less. 
Good luck w your goals! 

Originally posted by @Brian Walters:

@Juan Hernandez what part of Queens?  Queens lifer here and know how tough it can be to even think of investing in this area with how prices have been the last 5-10 years.  House hack seems like a great way to go if that's an option.

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