All Forum Posts by: Kari Wiederrecht

Hello,

I was wondering - when you are a new investor and learning do you call places like the utility company on every property you analyze? And call for insurance and everything? I feel like they would get tired of me calling every day to learn how much utilities cost on a property. Also, do they tell you specifically for individual properties or just give an approximate answer? And how do you get a good number to calculate with if the costs changes dramatically throughout the year? Finally, once you are an established investor do you still call the utilities companies or do you just have a good idea of how much it would cost you?

Whew, that was a lot of questions.

Thank you in advance!

Thank you both for answering! That clarified things for me.

Hello, I am a newbie investor interested in getting an FHA loan and doing house hacking. I would like to be able to rent out all units in a year, but when I am getting the loan do I tell them my plan to move out in a year or do I need to pretend that it will be my personal residence for a while? And is this the same for a conventional loan? Do I need to be up front about my goals to be a real estate investor or do I just pretend to be a home owner who is interested in getting some extra cash from my other unit/units?