All Forum Posts by: Jake Sink

Hello,

I am very excited to get started with real estate investing! I've just graduated from the University of Florida and recently started working full time as an engineer in Jacksonville, FL. I am very interested in investing in single family homes or potentially doing a house hack situation.

I have been reading many books on the topic but now it is time to start getting hard numbers and analyzing deals. I have done some quick calculations and found that the zip code of 32244 satisfies the 1% rule when using median rent and sale prices.

I am looking to do my first deal so I am leaning towards a SFH that does not need any major rehab. I will also be financing any deals with regular bank financing with 20% down unless I am going to do a house hack where I will try to pursue an FHA loan with a smaller down payment.

Thanks! Please feel free to connect with me or reach out if you have any questions. 

Hello,

I am very excited to get started with real estate investing! I've just graduated from the University of Florida and recently started working full time as an engineer in Jacksonville, FL. I am very interested in investing in single family homes or potentially doing a house hack situation. 

I have been reading many books on the topic but now it is time to start getting hard numbers and analyzing deals. I have done some quick calculations and found that the zip code of 32244 satisfies the 1% rule when using median rent and sale prices. 

I am looking to do my first deal so I am leaning towards a SFH that does not need any major rehab. I will also be financing any deals with regular bank financing with 20% down unless I am going to do a house hack where I will try to pursue an FHA loan with a smaller down payment.

Thanks! Please feel free to connect with me or reach out if you have any questions. 

@Brad Braun good information, thanks Brad!

Hello, I’m sure this has been discussed before but I have not found the information. I was wondering how long you must hold a w-2 job before you can be approved for an FHA loan? A little back story. I am graduating college in December of this year after which I am moving to Jacksonville, FL where I will start a 9-5 job. I already have a small amount of cash saved up and I would like to purchase some sort of house hack as soon as possible and I was wondering about how long I will need to work my 9-5 job before I can get approved for an FHA loan, assuming my credit is good enough and everything else. Thanks in advance

So I am currently a college student set to graduate next year. I am very interested in buying rental properties after a few years out of college. My question is where should I invest the money that I plan to use as a down payment in the short term? High interest savings account, money market account, what do you guys recommend?