All Forum Posts by: Anthony DelVecchio

I am 22 years old. I just recently graduated from college and I am making about 40k a year doing personal training. I have enough money saved up to pay for a house using an FHA loan but I feel like I would be screwed if the house was damaged and I had to pay thousands out of pocket to fix it. I am currently looking for a more stable job than personal training, (hours fluctuate weekly) but I don't want to keep paying rent to a landlord. I want my income to go towards something I own. I may need a cosigner but my parents don't think I am ready to househack. Am I ready to house hack or should I find a more stable job before I dive in? Looking for some guidance here please and thank you.

Let's say I purchase. house hack with an FHA loan, would the closing cost still be roughly 4% of the whole property? Would I be responsible for covering the whole closing cost? How do closing costs work? Any advice would be greatly appreciated, thank you!

Let's say I house hack by putting 3.5% down through an FHA loan. I live in the house for one year either for free or with reduced living expenses. Then what? Do I have to sell the house before I get another one? Can I only have one FHA loan at a time? I know I should just be focused on house-hacking my first property because I haven't done it yet, but what should the next step look like?

Any tips if I house Hack in a duplex and the person next to me just stops paying? I am sure a good screening process can help avoid the situation but can't fully prevent it. 

Thoughts on house hacking with a townhouse? I saw a decent looking one that had an HOA cost. What is an HOA? I heard they were a pain in the *** to deal with

What are some key things to look for when deciding if a property will be a good house hack? Do the numbers work? Is the area safe? Stuff like that...

Best things to know going into house hacking for the first time? Looking for some guidance. I have been looking on Zillow and I see a bunch of cheap properties but they all seem to be in bad areas. I feel stuck

If you rent out a single-family home room by room to college kids, what do you do in the summer when the students move out? Do you just have to pay the monthly payment yourself?

Best books for getting into real estate/House hacking? I am currently reading Brandon Turner's "The Book on Rental Property Investing".

What is the first step in living for cheap/free using the tool of house hacking??