All Forum Posts by: Kristin Schamber

Thanks Amanda! 

If it doesn't work out right away, it's fine. However we are moving to NYC for the longterm, so we are committed to NY, as we want to buy a place for us to live, but one that will serve as an investment. There are opportunities to house hack just outside of the city or in the Bronx, where you can still find affordable (relatively speaking) housing - jsut with a bit of an extra commute.

Thanks for the tip on calling banks and credit unions - will do this. Definitely we want to start out with a place that is in good shape, to get our bearings straight before we start flipping. I am an architect so flipping is definitely of interest to me - but right now I hope to live in the same area in which I invest, for my first few properties.

Thanks again.

Kristin

Hello! 

I am SO excited to buy my first home. I'm hoping to house-hack in NYC somewhere, where we are moving soon, with a duplex or triplex. Once I begin my job in NY, I will be able to save $100k per year for a down payment. Right now we have $70k saved for our first home. 

A couple of questions:

1. How do I get on listing-emails to hear about duplexes or triplexes before they hit the market? 

2. Does anyone use a Freddie Mac loan? I'm told that the benefit, is, with 5% down you dont need to pay PMI (as opposed to FHA loan with 3.5%)

3. I feel so overwhelmed - my brain hurts after reading these forums because I am learning so much. What books do you recommend for beginners? I've read Rich Dad, Poor Dad (which brought me here), Cash Flow Quadrant, and Set for Life. 

Thanks all!

KS