All Forum Posts by: Luis Ramirez

I am just wondering on how does the refinancing part works and I cant seem to understand it. Let say that you buy a house and you successfully do house hacking. Once a year has passed, what are the next steps? do you refinance your mortgage so you can get a downpayment for a new house and start the house hacking again? I am kinda confused and if someone can help it would be great? 

Hello everyone,

I recently started looking for houses to do House hacking, and I came over this 1956 house that looks like its been recently renovated and it fits my budget. I was wondering on what is your opinion on buying houses that are relatively old for this strategy? I was convinced about buying it until I saw the year and I am not sure on what to do

Hello,

I am considering attempting my first house hack, but I just had some questions and was wondering if any of you had experience some of this things and could give some advice. Currently at the moment I live with my parents, my plan is to buy a house in an more visited area near Detroit, live in it but also put it on Airbnb. I was thinking that the days the house is rented I could go back and stay with my parents, but I am not sure on what constitutes a house being your primary residency so you can get an FHA loan. Has anyone tried something similar to this? did you have any success?

Thank you everyone

Hello everyone,

Are there any short term rental books that you guys would recommend for someone that just starting, or are there any tips that you guys would wish to know once you started?

any input is appreciated!

Hello everyone,

My name is Luis Ramirez, I am a really new investor that its attempting to start their first steps at getting an investment property. I am really excited and I hope to be able to progress in this new journey. At the moment I am mostly interested in Short Term Rentals that I can put on Airbnb. At first I was considering Chicago, since I am from Detroit, but now I started looking into Grand Rapids. Are there any tips that you guys would recommend for a new investor trying to join this community? Any places that you would recommend look at? Any places to avoid? Special stories that you would like to share?

I appreciate any help or comment.

Thank you!