All Forum Posts by: Chris Le

Thanks, I'll look into that as well.

Thanks Stanley, I want to get there someday.

Thanks Jameson, I have a conventional loan at 3.5 % by a awesome mortgage broker I found. Do you think I should get another mortgage broker just in case as a assurance if something doesn't go well with one of the loan so it won't tie up with the other. Is 15 to 10 feasible so some mortgage brokers for down? And I'm really charge up in trying to make this a successful career later on. Ps I down 5 %

thanks, have you have anyone done this? If so were they successful? One of my friend's dad is doing this and he rented 450 for 5 rooms and only expense since he paid off the house already is untility, ranging up to 300. His son overwatch the house. 

I'm planning on purchasing second SFH property and renting how the rooms instead of the whole property. I'm 26 Y.O. , me and my wife live downstairs and the tenants live upstairs. Their rent actually covering my mortgage plus some profit. I purchase my home last year 2016 in Oct and wanting to know if purchasing another SFH to rent out the rooms a good idea. I plan to buy in Oct-December. I plan to have 5-10 rooms. Did anyone doing similar to what I'm planning to do successful? Is it possible to purchase as a primary residence instead of an investment property to get lower interest rate? Can I down lesser than 20 percent? Thanks all the info will be great!

I'm a young landlord 26 Y.O., and I live downstair with my wife, and we rent rooms upstairs for my tenants. The rent covers the mortgage. I was wanting to buy a second or third home this years just for renting the rooms out. I usually rent the room 450-500 depending on size. I am wanting to make this a business by purchasing at least one home yearly. I plan to get 5-10 rooms and more with only home going for 150k and under. My question is I purchase my home last year Oct of 2016 and was wondering if I can get another loan while still paying my mortgage? If so, how soon? Has anyone done this before and was successful? How much % down do I have to get? Is there 5 to 10% down possible? Do you think is a good idea for a particular house hacking? Thanks all the help will be great?