All Forum Posts by: Amanda Hadd

Hi,

So, I have a house that I paid $45,000 cash for. Now its value is estimated at $98k-100k. I'm interested in using as a collateral it to buy a duplex, rent out this home and house hack the duplex for a year and refinance to replace the line of credit.

I am self-employed and can't get approved for any loans FHA or commercial. But since I recently learned about the home equity loan or line of credit, I believe thats a good route to take. Yet, I feel like I don't understand it completely.

Which one is better for my situation? Any advice of the right next steps??

Thanks!

Hi I’m brand new to investing.

I’ve been driving for dollars and I found a perfect opportunity. The grass was long and the house had an estate sale sign on the porch. It’s not listed anywhere so i assume the kids never did anything after their parents passed. The nearby houses are valued at 250-300k.

Do I try to wholesale this house, call kids and try to get a lower price to sell to a local investor?

Or do I try to offer low price and hold it and resell it??

I don’t have the card cash up front but not sure if i can finance a mortgage payment for the low price they offer.

Looking for any suggestions... thanks

Hi Everybody.

I’m currently new to the investor world and looking to eventually house hack when i can save up a down payment for the fha loan for a multi family 2/3/4 unit in the Newark area. I don’t know many people in this investing world, i just know a real estate agent.

I want to network with other investors and maybe job shadow a day in their worlds while learning more about financial options.

If anyone is in the nyc/nj area I’d love to connect with you. If anyone else has any recommendations for me as well, I’d love to hear it!

Thanks!

@Joshua Mellor

Hi! I have a question about your story, did the 10k of repairs come from the loan or out of pocket?

Did/do you rent all 3 units out?