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All Forum Posts by: Donavon E Frost

Donavon E Frost has started 3 posts and replied 7 times.

Post: First property for house hacking

Donavon E FrostPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 3

@Sylvia Parker

So I'm turning 20 next month. I got one of my credit cards straight out of high school and the other shortly after. So I have about 2 years of payments on those and they have good history as well. But the problem I've been running into trying to be approved for the FHA loan is they want 4,000 gross monthly income and I only make a little over 3,000

Post: First property for house hacking

Donavon E FrostPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 3

@Adrien Salvador

Ok thank you I will have to ask and see if that’s an option for me

Post: First property for house hacking

Donavon E FrostPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 3

@Adrien Salvador

Yes I had this option mentioned to me! Are there possibly pros and cons about this strategy?

Post: First property for house hacking

Donavon E FrostPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 3

@Mary Erickson

I have just about 15k

Post: First property for house hacking

Donavon E FrostPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 3

Hey everyone!

I am currently 19 years old and trying to purchase my first property to house hack.

I went in to a couple different places for financing and was told I need to gross $4,000 monthly to be approved for a $250,000 FHA Loan.

I am currently only making 19 dollars an hour which brings me up short.

Just looking for some advice on what I should do??

Is changing work and finding more pay the answer or is there another way?

Post: Air BnB vs renting out room

Donavon E FrostPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 3

I have a three bedroom single family home. 2 rooms are occupied and I am questioning what to do with the third room.

Would it be better to rent out the bedroom or air BNB it?

Post: Any advice for my first property?

Donavon E FrostPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 3

Hey y’all

I am 20 years old and getting ready to buy my first property to house hack. I am very nervous and anxious about it.

Just looking for some advice!!