All Forum Posts by: Ian Gilligan

@Isaac Rossum bro! thanks for the hook up!

Thanks very much everyone, this is what I was looking for.

Cheers,

Hi all, 

I'm in escrow on my first deal, a 4br house, that is looking like it will be a very solid BRRRR. I'm leaning towards getting a Section 8 tenant so I can get the rents to make the numbers work really well. (There's a shortage of 4br houses for Sec 8 in my market) Deal would probably work w/ market rents from a "regular" tenant, but would make the deal a bit thin.

Question is: has anyone had issues on the cash out refi, when the lender learns that the house is rented to a Section 8 tenant?

Appreciate your time,

Hi El, welcome to the forums! Indianapolis is a good place to be for rentals. Godspeed in your investing! 

Hey Devin, welcome to the forums. Sounds like you're already well on your way. Godspeed in your investing!

Hey Eric, welcome to the forums! I'm not in NYC, but I am in LA so I get your predicament. Def connect with some local investors, and start researching a market you could invest in long distance. And quick pro tip: I'd suggest upping your minimum cash on cash to 10%. Especially with an impending recession. Godspeed!

What up DC?!?! Welcome to the forums. I'm not in Tallahassee but the house hack is the way to go. Godspeed! 

Rolando! Welcome to the forums man. Godspeed in your investing! 

Hi Yandry, welcome to BP and Godspeed in your investing! 

Hey BC, I'm not a computer guy so hellifIknow how to leverage that, but welcome to BP and the forums. Godspeed in your investing!