All Forum Posts by: Shawn Pacaoan

@Evan Polaski @Stephen Akindona

Thank you for the responses! This is very helpful. I’ve been reaching out to some hard money lenders, however with the current state of our world their borrowing prerequisites have gotten tighter. (Need to be within driving distance/need to own at least 2-3 properties)

Have you guys heard of any hard money lenders recently who don’t have these requirements?

Can someone provide an example of making payments when using a hard money loan?

Thank you all for the responses. 

Rumen - I've definitely thought about driving for Uber, however I didn't want to drive the mileage through the roof! Was the pizza delivery service a noticeable difference? Might have to rethink this option.

Bruce - Thanks for giving me all those options! Are there any that you implemented and had success with?

Does anyone have a recommendation for a side hustle? I’m trying to make additional money to speed up purchasing an investment property

Thank you all for the comments. I've definitely looked into out of state investing but since I do have a construction background I had a feeling it would be beneficial if I were close by.

I'll keep looking in LA, however it looks like it's back to the drawing board!

@Matthew Porcaro

Hey Matthew,

Can you go a little bit more into detail on the first 6 months being wrapped into the mortgage? Does that mean payments doesn’t technically “kick in” until 6 months into owning the property? Therefore being a grace period?

Hi Lee,

thanks for the tip! I'll definitely keep this in mind. Enjoyed your BiggerPockets episode by the way. 

Hello All!

I'm new to the BiggerPockets community. I decided to join after listening to multiple podcast episodes. After listening to a few episodes, I immediately dove into learning about real estate investing by reading Rich Dad Poor Dad, multiple articles, browsing through the forums, completing the Ultimate Beginner's Guide to Real Estate Investing!, and more. I'm continually trying to grow and expand my knowledge on investing.

I live in Los Angeles and have been preparing myself for House Hacking. Due to a "Hot" / competitive market in Los Angeles - I'd like to hear the success stories of people House Hacking in Los Angeles. Where did you live? How big was the property? What type of loan did you use? Did you have a partnership? etc. 

In addition - if you have any tips, tricks,I'm happy to hear them.