All Forum Posts by: Devin Arrigo

Hello all,

I am a new real estate investor looking to create business cards for networking purposes. With that said, I have no real experience, have completed zero deals and don't have an LLC established thus far. I'm curious if it is helpful to have a very basic/general business card as a new investor or should I wait until I complete a few deals? If it is better to have a business card, should I just keep it to the basic name, email and phone? Any advice is helpful!

Hi everyone,

I am soon to be a college graduate and will be moving to the Pittsburgh market in early June. My goal by the end of 2018 is to buy a duplex using and live in one unit while renting out the other. Obviously, being a recent college graduate, I won't have the cash available to buy outright, so I will need to finance using either using an FHA loan or private/hard money lending. Traditionally, when I hear about house hacking, I mostly hear about people using FHA loans to fund the deal. Does anyone have experience with house hacking using an FHA loan or any other type of lending? What are the benefits/negatives of each? How do each of the processes differ? What does each lender look at when lending? I'm just trying to gauge what my best plan of attack would be upon graduation to achieve my goal. Any advice is appreciated!

-Devin

@Jeremy Taggart I appreciate the information. I've had a credit card for about 4 years now and have been interning during school as well. As of now, my credit is pretty good, well above what I believe lenders generally look for. My concern is more on the income side. I've read that some lenders need longer than a couple months of employment history at your current job. Have you heard anything like this? Also, I don't want to get to over extend myself on my first deal, which is why I'm aiming for a duplex. I'd like to make sure I have ample time to learn the business as well as get acclimated into working a full time job. Did you have any trouble managing 2 other units while working full time?

@Phil G. Thanks for bringing that to my attention. I'll be sure to reach out to Upen.

Hi everyone,

I am soon to be a college graduate and will be moving to the Pittsburgh market in early June. My goal by the end of 2018 is to finance a duplex using an FHA loan and live in one unit while renting out the other. Obviously, being a recent college graduate, I won't have the cash available to buy outright, so I will need to finance using an FHA loan. Does anyone have expertise in this area of lending? Is it difficult for a new college graduate to get an FHA loan? Are there stricter requirements for FHA loans vs. others? When speaking with lenders, do they like to hear that I will be renting out the other unit or is it a non issue? Any help is appreciated!

Thanks, 

Devin

Hi all,

I am hopefully, very soon, going to be a first time investor using the house hacking strategy. For the past year, I have been educating myself using books, forums, podcasts, networking etc. With that said, I was wondering if anyone has any first-hand knowledge to fill in any gaps that you can't really learn when simply educating yourself? Any advice is appreciated!

#1 thing holding me back is the feeling that I'm essentially stepping off a cliff. I've been gaining a lot of knowledge recently which is helping me overcome this fear!

Does anyone know a great book or resource that details house hacking well? In Brandon Turner's "Rental Property Investing" book, it does detail house hacking briefly, but I'm looking for a more comprehensive guide. Does anyone know of anything?

Smart move @Lynn McGeein. I really like the idea of not collecting an application fee and making the applicant pay directly for the credit check. Definitely makes accounting a little easier!

Welcome to the community Amanda! I am new as well, so good luck!