All Forum Posts by: Austin Eberle

@Evan Westerman

Hi Evan! Thank you for taking to time to respond. I never thought about some HOA's possibly including some utilities. It's also encouraging knowing that you were able to pull it off here in the same market as me.

Hello everyone,

My name is Austin and I'm currently a house hackee in my brothers' investment property. I reside in the Phoenix area and am looking to purchase either a single family home or a condo as my first property to house hack instead of continuing to pay my brothers' mortgage. I'm currently paying $600 a month to live in a room and share a bathroom, so my idea is if I can pay anything less with either a condo or a single family home then it would benefit me. I plan to use an FHA loan with 3.5% down. I could most likely get a 2 bedroom condo for around 60K-120K with a $100-$200 HOA fee and have the down payment ready right away. If I were to get a single family home then it would take me another 5-6 months for me to save up the amount of money for a down payment on a 3 bedroom home between 200K-250K. I'm mainly asking people's thoughts on my situation and if I should wait to purchase a single family home or jump on getting a cheaper condo right away? Thank you in advance!