All Forum Posts by: Maddy C.

Oh thank you for the suggestions! I’m going to look into the delayed financing option 

BRRRRing a property in Cincinnati, but now considering moving into the home.

Are there any loan products that would allow me to cash-out refi at 90 days? I was going to do a DSCR loan to cash-out as an investment property at 90 days. With rates expected to continue rising I don't want to wait the 6 months if possible.

I live in the US. My parents live in Australia. They would potentially like to partner with me on future deals by providing the downpayment and I would find the deal.

Is this possible? Are there certain lenders that would be open to this?

 Thank you so much Greg! I really appreciate it.

Thank you Mark. Are there any lenders that you would recommend?

@Todd Rasmussen thanks for the response! I just want to reduce my cost of living as much as possible. I don’t expect to cash flow while HH, but would love to pay no more than ~$1k/month. I’d live in a 5 bed house, turn the living room into a bedroom, Airbnb spaces... I’m comfortable with it all.

@Matt McMacken awesome! Are you doing full rehabs before you refinance? I’m not sure I’m confident enough to do a full rehab yet but it might be the only way to recycle cash

@Kenneth Donaghy @Joshua J Cawthorn @Donald E Appleberry @Maxwell Ventura@Twana Rasoul

I would love your thoughts on the current market in San Diego for House Hacking. I have posted below vvvvv. Thank you!

https://www.biggerpockets.com/...

Considering the move to SD in September/October this year and want to purchase a house hack. Will be heading out there in March to check out neighborhoods and get a sense of the area. Would likely be working in the University City area.

Budget probably max $700k with FHA. It would just be me and I'm open to renting out rooms / parking spaces / mid-term rentals / living in a run-down ADU - honestly anything. And it has to make sense as a rental once I move out. I've seen a lot of posts on BP from even 12 months ago, and it seems that prices have increased since then.

I'd love to purchase a muti-family (using the future rental income to qualify for a larger loan) however they seem unattainable now with the prices. 

• Are there any other ways to reduce cash on close - maybe first home buyer programs, rolling closing costs into the loan etc?
• What strategies are you seeing that work for lower entry points?
• What neighborhoods do you think I should check out while I'm there?

Would love to connect with seasoned investors in the Syracuse area who can walk me through how they structure / analyze cash deals. For buy & hold, is it possible to pay back HML/PML without refinancing? I'm nervous to do a big renovation but will need to incorporate creative financing in order to scale.

Do you ever find sellers open to seller financing / sub2?

Currently searching for cashflowing SFR under $80k on a conventional 30yr mortgage. Inventory has been very light lately. I had one under contract in December but it fell through. $60k pp, tenanted at $1250/month - would have been a great deal. Would prefer to use creative financing going forward.

I've already joined OCREIC :)