All Forum Posts by: Brandon Yokoyama

@Steve Schulman Thanks for welcoming me! I'm definitely leaning towards going the 203k route although I realize I should have mentioned, I'm on a contract job that has placed me out of state plus I'm working 60 hours/week. Given the extra paperwork required for a 203k loan and the fact this will be my fist deal, I'm worried that I won't have enough time to get everything done and meet the deadlines within the 203k loan process. As you have gone through the process already, do you see this as feasible given my current situation?

@Matthew Porcaro you mention the 3 key players and I see that you don't include a realtor/real estate agent within the 3 key players. Is this because your HUD consultant takes on this role?

Hello Everyone,

My name is Brandon Yokoyama. I am a new investor looking to relocate to the Seattle/Tacoma, WA area via house hacking.

My journey that brought me to these forums:

During the COVID-19 pandemic, I realized an opportunity to earn more money by doing travel nursing so I up and left my hospital job to take advantage of the elevated rates for RNs during this time. My savings fund I had set up with the intention of investing started to grow large enough to where I could seriously start considering real estate and so I started to educate myself. From investopedia/other online articles to BiggerPockets podcasts to buying almost all of the BiggerPockets bookstore during Black Friday, I started using my free time to educate myself as much as possible. I feel at this point I've learned enough to start really making some big moves and so I'm making one of the biggest moves here and officially joining the forums today. 

My plan:

Ideally, I would love to buy an under market value multifamily property using either a standard FHA loan or a 203k loan. My plans would then be to renovate to gain equity, and hopefully have enough to either:

refi out of PMI

or 

refi for the purpose of adding cash to my BRRRR fund.

So first step for me is finding a house hack deal but I do hope to continue into BRRRRing properties afterwards. 

Thanks for taking the time to read through my intro, I look forward to meeting other like-minded people!

Brandon Yokoyama