All Forum Posts by: Michael Thomas McCann

@Thomas Corley Detached garage is a new one, is that a long process turning it into a livable place? Thanks for the suggestion

@Ryan M Andrews Thanks for the advice, I would love to find a place in Mesa/Gilbert, i've also been looking around Peoria (which i've heard is a good place). I've been watching for deals so hopefully I can find one sooner than later!

@Ryan Swan can you expound on SFH house hacking? Is that just buying a single family and building a separate unit for it?

I haven't looked into casitas but I will do so 

@Bob Okenwa I've been looking on portals for multi-family duplexes and I have a hard time finding any under 300k, should I look somewhere else? Whare do you find that price range in that area?

Hello all! Just another newbie here looking for some advice (any advice would be appreciated). My fiance and I are planning on moving to Phoenix in the next 3 months, i'm looking to buy multi-family and get into my first house (i've always rented). House-hacking just seems so smart to me but as the time to move gets nearer I am starting to realize that it takes a bit more time to find that deal and there just aren't many deals i've been able to find. That being said, i've started looking at places to rent again and plan to just rent for my first year in Phoenix and save up money to get my first property when the contract ends. I've also thought about just buying a single family home to get my foot in the door, knowing that my mortgage payment will be a bit cheaper than rent and actually help me build equity. Any recommendations on what steps to take? Should I just rent for a year and get a multi family after? Or should I just get a single family now? Thanks! 

Currently I am saving up money to put down on a multifamily home around 450-550,000 price range. I make about 40,000 a year and I only have 10,000 saved for a down payment. So my plan is to just rent an apartment for a year and keep saving. I would really like to be able to find and close on a deal sooner than that and house hack if possible. Is that possible? Can I do this sooner than a year with only 10,000 saved so far or is that just wishful thinking? Im a first time home buyer and don't know much about what I would need to qualify for a loan or how to go about it so any advice would be helpful to help me as I start my journey!