All Forum Posts by: Hardeep Singh

@Robert Freeborn 

Yes, that definitely make sense. I would rather get a 4plex as you will get more exposure to the REI, however, 4plex are way higher in price in my area. So I might have to move out an hour or 2.

Or I mean at the end of the day if you get financing it does not matter much if the 4plex is expensive because someone else is paying for it assuming you get a great deal.

@Robert Freeborn   What do you mean by numbers works easier? A little confused here.

@Steve DellaPelle    I can definitely go an hour far for lower prices but it is a big sacrifice as my family live near my current area. Make sense, as long as you don't have to pay much for living or it cash flows it make sense. And if you are not speculating and looking for a long haul then it will be more safe.

@Kendall Short

Great. Make sense. So, do you have to have PMI I guess? Definitely, I will factor in the PMI. Thank you.

@Steve DellaPelle

Great.  Did you talk about the cash flow to them or market analysis related to if this is the right time to buy because here in california I believe prices are way high. 

I mean if i buy it for a long haul and don't speculate then i might be fine?

@Kendall Short

Great advice. So, basically 5% down and what was the PMI?

@Steve DellaPelle

Yes, it make sense to go with a good realtor if they understand what your motives are.  So do you have a list of items you give to the realtor when you approach them ?

@Steve DellaPelle 

Definitely, this will totally change the lifestyle as there is little to no money going towards the rents and that is the biggest expense. 

You think going to a realtor to help you find such a duplex or triplex will be right strategy or what other way will work better?

Yeah that makes sense. I need to do my due diligence to make sure it is a good deal. 

About financing, as this will be my first buy it might be a bit easy to get the financing. Ideal will be duplex because fourplex are way higher range than I feel comfortable with in the beginning. I will do the FHA loan so the down payment will be low too.

Any suggestion on that process?

@Kendall Short

Yeah, I have a similar plan and graduated last year. I live in Pinole CA and it is really expensive. I do not want to invest far in the beginning so house hacking will be the right thing to do for me TOO. 

I calculated  numbers on some of the properties and I saw that I will have to pay some money out of my pockets but way less than my current rent. 

Do you think a triplex or fourplex will be better than duplex? 

Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs?

Hi, 

Can some one recommend a book that focuses heavily on " evaluating a property " ? 

Or any other suggestions?

Regards