All Forum Posts by: Ephrem Bekere

Hey @Mike Hottinga thanks for the tips. You just gave a lot list of ideas man thanks 

@Alek Liskov Thanks so much for the advice, I appreciate it greatly. I'm a college student and looking for young people around my age to rent too. I'll definitely look into what you said 

I just bought a single family to house hack using fha in Lancaster City, PA area and I'm looking for roommates. What are your screening tips and any other advice you might have for me? How do I know how much to charge people for a room? Thanks in advance!

Not sure if this is the right forum but I just bought a single family to house hack using fha in Lancaster City, PA area and I'm looking for roommates. What are your screening tips and any other advice you might have for me? How do I know how much to charge people for a room? Thanks in advance!

@Ben Wilkins Thanks Ben, would love to meet up sometime for sure!

Wow @Carlton Mahadeo that's an awesome story man. Thanks for the advice. I'm learning as much as i can. This site has made me passionate about real estate as well. I just got my first property under contract and will be doing a house hack with the property. Super excited!!

I just got my first property under agreement using FHA loan. So first, Thanks BiggerPockets for the motivation and the education. It is a single family with 2 bed rooms and 2 full baths ( I couldn't find a multi in my range) but I am planning to rent one of the rooms to help pay for the mortgage. Any advice you guys have for me moving forward would be deeply appreciated! Thanks!

When considering seller financing, how do you know if the seller owns the property free and clear? Public records? I checked that and it was bought in 1995 but it has another mortgage from 2006 for 180k. Is it risky to ask for seller financing knowing this? And is there any way to know exactly what is owed on a property?

Thank you guys for responding so quick, I aprreciate it! Thanks @Andrew Postell for the detailed response. I will definitely be calling banks and see what they say!

When looking at a refinance, what do lenders look at? Do they just look at the rental income and refinance it based on that? Or do they look a your credit score and your W2 income? As a 21 year old with 2 part time jobs (40 hours or more), what are my chances of refinance if I use short term loans to fund my deals? I'm just afraid I won't be able to refinance because of my situation.