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All Forum Posts by: Jamee West

Jamee West has started 1 posts and replied 4 times.

Post: Detroit NEWBIE club

Jamee WestPosted
  • Michigan
  • Posts 4
  • Votes 0

Did this ever prosper? If so, I would like some info!

Post: House-Hacking for Dummies (me)

Jamee WestPosted
  • Michigan
  • Posts 4
  • Votes 0

@Ryan Riches those are great ideas! They are creative beyond solely searching the market for sale properties. You have expanded my mind and helped me so much already!

I hope you and your wife find what you’re looking for!

Post: House-Hacking for Dummies (me)

Jamee WestPosted
  • Michigan
  • Posts 4
  • Votes 0

@Robert Leonard I definitely want to make sure I am purchasing an investment that will benefit me while I am there and afterwards!

Would you suggest that I delve farther into analyzing deals in general? I don’t have much knowledge in that department yet as I am just starting to get my toes wet!

As far as credit goes- I have pretty good credit! I don't have a lot of cash towards a down payment- that's why I am considering. The FHA route.

I will definitely be in contact to take you up on that offer!

Post: House-Hacking for Dummies (me)

Jamee WestPosted
  • Michigan
  • Posts 4
  • Votes 0

I am here to generate some thoughts/information regarding this kinda-sorta idea that I have! Real estate investing is new to me. In my spare time I have been utilizing BP podcast and the Ultimate Beginners  Guide by Josh and Brandon.

So real quick- I am currently renting and my lease is up in May. For my next move, I'm thinking about an FHA loan on a property that will also act as an investment at some point.

Which brings me to the idea house-hacking. Please share with me any experience/knowledge on the subject! 

Some points to get thoughts generating:

1. What are some important things to consider when House hacking?

2. What are some important things to consider when taking out an FHA loan? (Any tips on the process itself?)

3. Multi family units seem sparse in my location - any tips on searching for those types of properties (and things to consider when I do find potential properties)

4. How to evaluate whether or not I am getting myself into a good deal that will ultimately bring in cash flow 

5. Any valuable resources to assistant in the process 

Thanks! :)