All Forum Posts by: Jesse Rodriguez

@Joe Splitrock Thank you for the clarification!

@Joe Splitrock So I would need to refinance to into conventional and have atleast 20% equity either from principal pay down or enough renovation?

@Joe Splitrock Don't need 20% for owner occupied but 20% I order to get rid of PMI though right?

@Andrew Freed I'm about to house hack with FHA with the one my goals of getting rid of PMI once I reach 20% equity. I will sprucing up one of the units (the one I will live in) and eventually get to the other unit but someone is already renting. Now I'm scared I won't be able to reach the 20% mark after what you said. This property is in the Midwest area so appreciation isn't my friend here.

@Jonathan Klemm Thank you. I’ve heard about cozy, I will look into it. Since I only have on tenant, I might use zelle?

@John Warren Thank you for the response. You have good points, I will definitely keep track on an excel sheet given that I am starting out small. I plan to buy another property soon, so would you hold money in a high yield savings or invest it then withdraw out?

Hey everyone,

Starting in my house hack first property and would like to know how you collect rent. Disclosure: I am not using a property manageer. Also what do you do with cash flow money? I plan to save it and use it no the next property. I was thinking of putting into a high yield saving since it will be short term, plan to take it out within 1 year. I was also thinking of putting it into ETF within my Roth IRA. Suggestions?

@Noah Bernhardt

Gotcha, thank you!

@Noah Bernhardt

Which bank do you qualify for a 0% down?

@Brock Mogensen

Hey, I live in Waukesha, I haven’t invested yet as I’m barely starting out but I would more info on the monthly meet ups you mentioned. Thank you!