All Forum Posts by: Alexander Ignatenko

Hello fellow investors!

I am a medical student in Denver who is planning on purchasing a househack with my girlfriend in the next few months. Because we don't have an income, we are planning to have my girlfriend's parents as co-signers for the loan. Unfortunately, they are not real estate investors themselves and are hesitant about co-signing on a ~$500,000 property (understandably so). They have come a long way after we provided them with education/benefits of house-hacking, and are more willing to help us out. They would like to create a tenants-in-common agreement in order to protect themselves from worst case scenarios. However, after speaking with a few lawyers, most of them are quoting $1500-2000 just to have the agreement drawn up, and I have heard on BP podcasts in the past that this agreement can be done for about $300-400. Does anyone know a way that this agreement can be done for about this much? 

Additionally, we have been considering finding a seller financing deal, which would not require involving her parents into the deal. My plan on action is to message several "for-rent" listings in the area and ask if they would like to sell the house with seller-financing instead. I have listened to a few podcasts on seller-financing, but I still feel under-educated about the ins and outs of having a seller-financed home. I was wondering what some of you would do in my situation and if you have any advice!

Thank you.

@Matt M. I know that doctors and other medical professionals are able to apply for a physician's loan, which is essentially similar to a VA loan, so I'm sure that's what she was able to get. I will just have to wait for another 4 years to be able to qualify for that unfortunately. I appreciate your insight!

@Luke Trovinger @James Carlson thank you both for the insights! 

@Grace Wang thank you for letting me know! 

Hello everyone!

I was wondering if there are any other medical students or soon to be medical professionals who are current real estate investors that would like to create a discussion on any tips and tricks for those with thousands in student loans, along with very little time for other business ventures during the grueling years of schooling and post-grad training. 

I am currently located in Denver and will be attending Rocky Vista medical school in Parker, CO. My business plan includes buying a househack through an FHA or 3% conventional loan with a business partner (current roommate and friend since high school) while renting out the rooms to a few students in my medical school class. Eventually, I would love to give back to the school by buying more properties through creative financing and providing affordable housing for medical students located near the university while increasing my cashflow, establishing systems for "passifying" the investment, and speeding up the medical school loan paydown. It would be great to have other people who are in a similar situation as me get connected in order to discuss any pros and cons to investing in real estate while in medical school/residency while educating those who are passionate about medicine and establishing financial freedom prior to becoming an attending physician.

@Michael Baum Thank you for the response! I will most likely just stick to the original buy-and-hold strategy after seeing this.

Hello fellow investors,

I have been researching AirBnB investing recently, which seems to have great returns in some markets compared to traditional buy-and-hold strategies. I was wondering if there are any investors who are currently investing in AirBnB's in the Denver area who would be able to shed some light on the pros and cons of AirBnB investing in this market. I know that a lodging license is required for AirBnB properties that are not used as a primary residence. Therefore, I was wondering what the process of obtaining a lodging license looks like, and whether or not it is worth the effort and ROI.

Thank you for the help!