All Forum Posts by: Sebastian Kressley

@Shane Boyle That is exactly how I started here in Greenville, NC. I bought a duplex with a 3.5% down FHA loan. Stayed there for a year and just closed on my second duplex. You are correct you can't take out another FHA loan unless you have certain life circumstances.

Hustle on,

Sebastian

Killing it as always man.

Cheers @Account Closed !

Back in December 2017 I had the same exact questions you had. I decided to start work immediately after graduation as a Financial Analyst (Manufacturing Accounting at a Pharmaceutical company). I took the money I would have spent on further education and applied that capital to my first house hack.

Deal 1: May 2018 House hacked Duplex.

Deal 2: April 2019 (Just submitted an offer for my second duplex).

Please reach out if you would like to talk shop!

Morning BP Nation!

Looking to get into my second Multi-family house hack. I have two options here I was wondering what y’all’s opinions were on these situations.

Normal Rent: $1,400/month

Short Term Rent: $2,800+/month

Option 1 4.25% Interest Rate:

140K One parcel (need to sell it someday all at once)

Insurance:94

PMI: 20

P&I: 585

$700/month

21K Down.

Option 2 4.25% Occupied Side 5.25% Investment Side:

140K two parcels (could sell one at a time)

Insurance: 94

PMI: 30

P&I: 309

P&I: 327

760/month

17.5K Down.

What option would you go with?

Cheers,

Sebastian

I will be out of town that weekend but please let me know how it goes! @Jeffrey Cox

I wish you the same Jonathan. Go Pirates!

@Heidi Kenefick thank you so much Heidi! I will absolutely reach out. I’ve had nothing but success as well and the many I have referred have been amazing! I have found that some reach out on VRBO - I am going to market on there.

@Bob Mueller Jr. completely depends on the area. Eastern North Carolina it’s around $40/$45 a day.

@Nancy Bachety Side B will just about cover the mortgage and A will be pure cash flow. Diversification is really what it comes down to, for me I thought as though it was a safer move.

@Nancy Bachety thank you for the response! Currently I live in one side and rent the other. Looking for the next duplex now. June 2019 both sides will be rented. Short term in side A and long term in side B.