All Forum Posts by: Ravi Patel

Hi everyone,

My name is Ravi. I currently live in NJ and have aspirations to move to Flordia next summer and house hack. I have been reading into house hacking for the past year now so I have general knowledge. I currently live with my parents and have great credit. I would prefer to find a multiunit and live in one of the units with a less than 10% down payment. My job will be fully remote so I am open to location. I have been thinking about the Tampa/St Petersburg area since I would like to be near the water and an airport with direct flights to NJ. I would love to connect with any fellow current house hackers in Flordia or agents that can provide me with further information on preferred locations to do house hacks in.

Let me know when the next meetup is! I will def be there.

I am looking to house hack with multifamily with 3%-15% down, would you recommend some local bank lenders that you have used?

Has anyone utilized the Freddie Mac Home Possible program? What was your experience with that?

Hi,

I am a new real estate investor looking to purchase my first deal which will be a house hack. I have been spending some lately educating myself. I currently am not a homeowner and living rent-free. I am looking for a property within Southern Bergen County (Garfield, Lyndhurst, North Arlington, East Rutherford, etc...

My strategy is to "house hack" a cash flowing, owner-occupied 3-4 unit multi-family home, that also needs some updating but not significant rehab, using a 10% conventional down loan. (conventional seems to outweigh FHA). I am going to seriously start looking for an investment in summer since hopefully more homes will be on the market.

My budget is 400k-600k.~50k down, another ~30k for renovations.

 If you have experience purchasing a deal like this yourself in the last few years, I would love to connect and learn about your experience (dm appreciated). What do you exactly use to calculate your numbers? What Pro Forma sheet do you use? Did you cash-out refinance after rebab? Did you move out after 1 year?

Hi! I am looking to purchase a multifamily home in central/north jersey while living in one of the units. I am considering anywhere really between Bergen county to Plainfield. I am considering 3/4 unit homes as those seem to have the most luck. I am open to having a negative cash flow of up to $500 per month since the market is so competitive right now. Does anyone have a recommend specific area or a real estate agent who specializes in this?