All Forum Posts by: Julie Goodwin

@Shinji Pehling

Thanks Shinji! I will definitely consider your advice!

@Nicholas L.

Thanks Nicholas. I think the standard fha loan was s going to be my best bet also. For this house hack anyway

@Michael K Gallagher

Very true. And looks like that is what I’m going to do after all!

@Will Fraser

Got you!

@Will Fraser

That’s great advice Will thanks! Makes a lot of sense

@Will Fraser

Thank you so much for your advice Will! In your experience, how long are sellers willing to push back the balloon payment?

I’m looking to approach a seller of a duplex for 294,000.. This would be my first rental property. I will be house hacking. I sent a message and honestly did not think I’d get a response, but I just did!!! So it’s 294,000. 1250 per unit. I was going to ask for 290,000..4,000 at closing and 7% interest monthly payments with a balloon payment at the end of the one year mark. I’m just not sure about the 7%.