All Forum Posts by: Corey Mills

I am interested in house hacking as my first investment property. I always see and hear about FHA loans but rarely hear about the 203k. Any information would be greatly appreciate especially cons and pros vs each other. Thank you in advance.

I appreciate that thank you

I currently have 1k in credit card debt on one card, a auto loan under 11k and a atv loan under almost under 2k  My credit score is a 758 and i have only 10k in my savings.  I put all of this out there to hopefully give someone more info about me so they might be able to help give me a better understanding and hopefully a guideline.  Reading all the stories, books and listening to podcasts it seems like everyone has actual cash to fallback on as far as rehabbing, vacancy time and all that upon starting out.   The big question is am I able to start out giving my cirumstances with low funds? What would be the best route to consider? I wanted to look starting a house hack as a first time investment.

If you dont have a real high income from your job and buy a multifamily home, is consideration giving with income when applying if you fill the other unit(s) with a tenant(s) so your avke to get a larger loan?

Thank you for the response. As I responding to this message I am currently listening to an audio book at my desk the book on rental property...I downloaded this last night by Brandon Turner

I am new to the investing rental property world.  I just relocated to Grovetown, Georgia from The Poconos in Pennsylvania.  I am currently an Analyst for Textron.  I have a goal to become an investor and build up cash flow and ultimately let the money work for me so i can actually get out of the economic slavery that so many think that they are stuck in.  I am motivated and have been doing a ton of research as well.  If i can pick your brain in any type of way or be in the environment to learn more, or even meetup and talk with people in my situation to game plan with I would greatly appreciate it.  I can help assist with your properties for free just to learn the knowledge and get the feel /  expierence.  If you would like to meetup please dont hesitate to hit me up even if its a phone call.

I am new to the investing world and trying to understand in full the verbage and key factors in being successful when it comes to investing in real estate. I have a decent savings, my credit score is over a 700 with only debt being a car loan, yet I feel loss and uncertain if i can make this happen successfully due to my lack of knowledge from being new. I am really interested in mutilfamily maybe a house hack to start. How to I calculate if there is a cash flow, if it is a good deal or not? I appreciate any information that is given. I really want to build wealth and let my money work for me.