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All Forum Posts by: Stephen Dugan

Stephen Dugan has started 2 posts and replied 7 times.

Post: House Hacking. Question

Stephen DuganPosted
  • Posts 7
  • Votes 2
Quote from @Teonia Riley:
Quote from @Stephen Dugan:

That's a great idea. What is the best way to get financing?

Business funding with a bank you've built a relationship with or give Divvy - Business funding. 

Thank you

What are some creative financing ideas for purchasing a home for room renting in an expensive competitive area.

Post: House Hacking. Question

Stephen DuganPosted
  • Posts 7
  • Votes 2
Quote from @Teonia Riley:
Quote from @Stephen Dugan:

What is it called when you rent rooms but don't live in the house?


 I operate a mid term renting out room set up in Little Rock AR - I just call it "Renting out Rooms" there isn't a specific name for it. 


 Thank you. I'm new but this info is great

Post: House Hacking. Question

Stephen DuganPosted
  • Posts 7
  • Votes 2

That's a great idea. What is the best way to get financing?

Post: House Hacking. Question

Stephen DuganPosted
  • Posts 7
  • Votes 2
Quote from @Teonia Riley:
Quote from @Stephen Dugan:
Quote from @Michael Dumler:

@Stephen Dugan, the PC version, co-living, however, I just refer to it as a rent-by-the-room investment. 


 Awesome! Thank you. How do I get funding for this type of investment  

 Just buy a 3BR/2BA or 2/2BA as if you were going to live in it or take the rental arbitrage route, which is what I did & rented it on BnB by rooms.


Post: House Hacking. Question

Stephen DuganPosted
  • Posts 7
  • Votes 2
Quote from @Michael Dumler:

@Stephen Dugan, the PC version, co-living, however, I just refer to it as a rent-by-the-room investment. 


 Awesome! Thank you. How do I get funding for this type of investment  

Post: House Hacking. Question

Stephen DuganPosted
  • Posts 7
  • Votes 2

What is it called when you rent rooms but don't live in the house?