All Forum Posts by: Kevin Tarazona

Good morning BP,

My friend and I are looking to purchase our first house hack. We have identified a market but would like to know if what we are planning is possible. I am currently active duty so I cannot purchase using an owner-occupied loan (since I won’t be living in it). We are looking to purchase the property using his name since he WILL be living in the property. Is it possible to buy in his name and have me as a co-sign since I have the steady income?

The idea is that we will go 50/50 on the deal and once we refinance put both our names on the loan.

I have looked at the Home Possible loan that allows a “gifted” down payment. Has anyone done this or something similar? If so, how did you create your operating agreement.

Thanks so much for your help!

Good afternoon Everyone,

A co-worker of mine is looking to purchase a Duplex in Philadelphia. This will be his first home and he is currently looking for a lender. Anyone know of one or have worked with lenders in the area? Thank you!

Hello everyone,

I am just starting out in Real Estate and looking at purchasing a home with my brother. We are looking into an owner occupied loan (5% down) so that we can house hack the rooms (looking at SFH). We would like to buy it in his name as I am currently out of state and cannot occupy the home but he can. I would be a co-signer on the home. The question that I have is that his name is currently in my Fathers home that they purchased back in 2015 (20% down conventional). Would he be eligible to buy another property using an owner occupied loan ? He will be living in this new property. Thank you

@Shawn K Hicks @Thomas J. Clifford

Thank you both for the replies! I would love to attend the meeting but at the moment I am deployed. I am interested in attending once I get back home. It’s great to find people that are like-minded and from the same community. My current plan is to save as much as I can since my expenses are minimal at this time. Once the deployment is over and I have a better understanding of rental properties I plan to make my first purchase. Thanks again and I hope to meet you guys soon.

I have been watching my parents invest in real estate my entire life and feel now is the best time to start thinking about buying my first real estate property. That being said, I want to educate myself as much as possible before taking the plunge. I would love to hear from the bigger pockets family if anybody has experience buying rental properties in Gainesville, FL. More specifically, what was your experience renting to college students and possibly section 8 housing. Any information would be of great value to me. Thank you.