All Forum Posts by: Aidan Black
Aidan Black has started 2 posts and replied 4 times.
Quote from @Grant Schroeder:
Hey @Aidan Black! What state are you looking to house hack in?
Preferably Rhode Island currently
Quote from @Kiernan LaFaver:
Welcome to the community! It seems like FHA might be a good route to go if possible or conventional if your credit and down payment. Lower down payment requirements but you have to live in the property for a year, no big deal if you plan on house hacking for FHA. Most lenders should be able to have both of these loan products. The FHA process is a little more stringent since it's federally backed. I'd recommend going with a local lender that you have a good relationship with as opposed to a large national company as they are likely to have better immediate customer service and are more likely to respond in a timely manner, which is important for your first loan. I've noticed that credit unions tend to have slightly better interest rates since they typically are not for profit whereas a normal bank or broker is. Happy to be a resource if needed!
Was never 100 percent sure if you could or not, but can you theoretically house hack a commercial property (such as an apartment building) in order to get the low down payment?
I'm relatively new to the real estate investing business and wanted to start out house hacking. I've saved up about 35k and have really good credit with a stable job. I was curious if anybody is/knows a good lender that I could speak to about getting started. Many thanks!