All Forum Posts by: Jordan Kalk

Ken, Jesse,

There is a real estate networking meet-up at TJ Chumps in Fairborn at 6:00 PM on the second Tuesday of every month. It is free to go and there is no pressure to buy anything. There is usually a networking portion of the night and another portion where people have an opportunity to tell everyone what they are looking to buy/sell/services/etc.

Feel free to DM me and we can chat more, I hope to see you at the next meet-up!

Note: I do not host this event and am not at this time affiliated with those who do. 

Hi everyone! 

I am currently in the process of finding and purchasing a multi-unit property to house hack. I am focusing primarily on fourplexes and will purchase it with an FHA or FHA/203K loan (already pre-approved). Because I am purchasing with an FHA loan, I will have to occupy the residence within 60 days.

My question is: if the property is fully occupied, how do I go about kicking one of them out? 

Also, when a multi-family unit is purchased, is the existing contract typically still binding with the buyer? Any other tips/tricks that may be helpful to my scenario are also valued!

Thanks,

Thanks for all the advice, everyone! 

I currently rent from a friend that owns a home, who likely cannot pay the mortgage without my rent helping out. Luckily I don't have a signed agreement with them, but it will be a tough conversation if (or when) I decide to house hack a multi-unit. Time to start saving a bit more for my first deal.

Thanks,

I am currently in the process of starting my real estate journey, in efforts to become financially free. I am starting out by obtaining a base knowledge in real estate (books, webinars, podcasts), getting a feel for the market (Dayton, Ohio), and creating an execution plan. One of my questions for starting out would be: Is it better/easier to start out by purchasing the first few properties on a personal loan, or to start a business entity like an LLC and get loans that way? At the moment, I barely have enough cash for a downpayment on a first unit.

Any advice is much appreciated!

I am currently in the process of starting my real estate journey, in efforts to become financially free. I am starting out by obtaining a base knowledge in real estate (books, webinars, podcasts), getting a feel for the market (Dayton, Ohio), and creating an execution plan. One of my questions for starting out would be: Is it better/easier to start out by purchasing the first few properties on a personal loan, or to start a business entity like an LLC and get loans that way? At the moment, I barely have enough cash for a downpayment on a first unit.

Any advice is much appreciated!