All Forum Posts by: Account Closed

What’s the benefit of not taking into my income if I have decent income? i would assume that that is for only people who don’t make enough.?

Indeed

Hey so I’m curious how this works, maybe someone can fill me in. Let’s say I make $4000 a month and am looking at 4 unit properties, to make it simple well say each unit pays $1000 each month.  In this case would I qualify for about a $4600 mortgage using 75% of the rent income and 40% of my own income? Thanks !

That’s awesome I’m a lineman in Chicago , good luck on you’re journey 

Just wanna say congrats ! I’m in the same boat working blue collar trying to get my first house hack within the next couple months, can I ask what market you’re in and also what do you do for work? Thanks! 

Hey just wanted to hear of any recent success stories you guys have had with high interest rates and FHA loans in 2024. Also, does anyone know of any good YouTube or podcasts that are putting out new content in 2024 about house hacking and adapting to this market ? Thanks!

Side note if anyone is hiring for any weekend jobs, preferable remodeling as I’d like to learn the ins and outs of the business, I’d love to work, can also do evenings.

Hey guys I'm looking into getting my first house hack within the next 6-7 months. Couple questions if anyone can offer advice I'd greatly appreciate it! So I plan on going with the FHA 3.5% down and hopefully going for something in the 3-400k range in a neighborhood like back of the yards, mt greenwood, south shore but also open to other options. My dilemma is that I have about 7k in credit card debt and a $600 a month car payment. I have another car that's paid off that I am going to sell for around 15k. I don't have much for savings so one of my main questions is should I pay off my card and some of my car with the money or put it on the 3.5% down payment? I made 50k last year on taxes and have a 700 credit score. Thanks