All Forum Posts by: Joshua Janus

It definitely is! The FHA loan limits were recently raised as well for 2022.
"For most of the U.S., the loan limits for FHA mortgages will increase in 2022 to $420,680 for most counties, specifically in areas where 115% of the median home price is less than this limit" -Fox Business

House hacking is when you live in unit of a multi family property and rent out the rest. BiggerPockets has a great article on it: https://www.biggerpockets.com/...

If you want to house hack, make sure to have 2 consecutive years of tax returns so you can qualify if you are self employed. I am not a tax professional and this isn't advice, it's just a problem I ran into. I was forced to delay my house hack a year due to this. Do whatever you can to build your credit, employment history and savings. All of these factors will pay off disproportionately over time compared to what it took to get them and is worth the time. Do you have any friends, family or a potential mentor that are involved in real estate in any way? Finding a mentor, doing some cold calling or just being around those will give you some better experience than just books which are great but not all that is necessary. 

Should've waited for him to say he's licensed. @Tristan Colborg

Hey David! Do you have a lot of equity built up in that SFH? That cash could be used for a future property where you are moving to. That interest rate is awesome. Have you considered house hacking? Combining that with your current home rented out could produce a nice boost to your annual income plus new tax advantages.

Are you getting a return that you are satisfied with? If so, find more solid tenants at the same price point and keep it going. I like the refinance strategy that Jason mentioned. 

I am cold calling now 5 hours a day and trying to make 10-20 good contacts out of that. I am still very new but it is definitely creating momentum. 

Sell it and get the CRV. Might at well get to your goals quicker, right? No sense wasting time until then. 

I third this question about Toledo and not Columbus. 

One strategy with a huge payoff is the house hack. Spend as much time learning about it as possible and see it that is something you would be willing to do.