All Forum Posts by: Ruth Escobar

@Robert T. First off thanks so much for your reply. As to your comment, is the size of the house becoming an obstacle to rent true anywhere in the U.S. or is that more so in CA where the cost of living is so much higher? 

Thanks!

Thanks! 

I am trying to buy my first home to live in for some time and then rent out in the near future in Houston, TX. I am looking into a 3,348sft KB Home that was built in 2012. It needs minor repairs (carpet changed, deep cleaning and paint interior). I don't really know too much about houses but a friend of mine mentioned that KB Homes is known for having poor quality construction, or at least in the past. I am trying to see if anyone knows more to this matter? I have tried doing some research but have found people that say that it's poor and others say that it's good. Thought maybe here I could get better answers. Also, if anyone knows an estimated amount for the repairs this house needs could you please share. Thanks!

I am trying to buy my first home to live in for some time and then rent out in the near future in Houston, TX. I am looking into a 3,348sft KB Home that was built in 2012. It needs minor repairs (carpet changed, deep cleaning and paint interior). I don't really know too much about houses but a friend of mine mentioned that KB Homes is known for having poor quality construction, or at least in the past. I am trying to see if anyone knows more to this matter? I have tried doing some research but have found people that say that it's poor and others say that it's good. Thought maybe here I could get better answers. Also, if anyone knows an estimated amount for the repairs this house needs could you please share. Thanks!

I am trying to buy my first home to live in for some time and then rent out in the near future in Houston, TX. I am looking into a 3,348sft KB Home that was built in 2012. It needs minor repairs (carpet changed, deep cleaning and paint interior). I don't really know too much about houses but a friend of mine mentioned that KB Homes is known for having poor quality construction, or at least in the past. I am trying to see if anyone knows more to this matter? I have tried doing some research but have found people that say that it's poor and others say that it's good. Thought maybe here I could get better answers. Also, if anyone knows an estimated amount for the repairs this house needs could you please share. Thanks! 

Thanks to everyone for your input I will definitely look at the numbers this weekend and consider all suggestions. And I will probably have some follow up questions. 

@Nicole Jones I will most definitely be reaching out to you later on with some landlord/management questions. Thanks!

Hi to All,

I am new to BP and have recently been doing a lot of research in regards to house hacking with a multi family home, for which I would be living in for at least 2 years (at least that's the plan). I wanted to get some feed back from experts in regards to the down payment. I am trying to decide between putting 20% down with a conventional loan at 15years or doing FHA loan at 3.5% or 10-15% for 15 or 30 years. I just want to get some opinions/suggestions in regards to what is the best way to go to ensure that I am successful in my first home/house hacking as well as being successful in cash flowing the property.

Many Thanks, 

Ruth