All Forum Posts by: Mike Enriquez

For those of you who are researching Blockchain/Bitcoin, I’d recommend trying to ignore all the hype and speculation aspect of it and focus on its properties: digital, scarce, and distributed.  It’s a brand new technology that hasn’t been done before.

I agree that it is not useful for most people today, but it is still early days. Nobody “needed” the internet when it came out, but the internet enabled things that weren’t possible before.

For example, there is a lending platform launching soon that will allow borrowers to use Bitcoin as collateral for a loan. Bitcoin as collateral is interesting because it is easily divided and liquidated. This fact makes it possible to easily adjust the LTV ratio and protect the lender's investment. It's fascinating when you compare this to using a house as collateral... you can't divide a house and sell fractions of it.

Ryan Aydelott interesting! Can you elaborate more on the large vs small groups? Does this mean for a 2 bedroom unit you would list the two rooms individually vs the entire unit? If you list the rooms individually how do you deal with shared areas (who gets to use the kitchen? etc...)

Does anyone know if lenders will consider AirBnb income to improve their debt to income ratio?

Hey Rob, any updates on how this went? I'm looking to get into house hacking in Tremont and am considering rehab or new construction. Any guidance is appreciated.

My name is Mike, I'm a software developer from Cleveland, OH.  I've been living on the road for the past 9 months with my long time girlfriend who is a travel nurse.  Right now we're living near Tacoma, WA.

We're enjoying our travels so far, but at some point we want to come back and "house hack" in Cleveland.

Looking forward to joining and learning with this community,

Cheers!