All Forum Posts by: Tasia Larri

@Tasia Larri thank you all for your insight. It has given me much to consider. I will update when I reach the next step on my process, putting in an offer! 🤩

@Lamont Marable thanks, I think it’s pretty cool too. A great way to build the communities back up.

@Jamiel Strickland thank you for responding

@Jamiel Strickland I started looking into that as an option as well, but was told that it wouldn't be the best idea being that I am going to be a first time home buyer— also I am very restricted to how much I am approved for due to my DTI ration (student loans)... so I thought utilizing this rehab loan would allow for me to purchase a property less than 100k and rehab it — to still be able to live in a nice home, for a cheaper price.

@Sean Monahan that’s absolutely something that will be considered. I’m all in for even having the basement created in a way that would be perfect for accommodating guest. Something to def keep in mind. Thank you so much for responding

This is great--good luck on your finds! I am looking to get my first property and ideally would like it to be multi-family for purposes of house hacking as my tunnel into real estate investing. 

This is great information. Thank you for sharing. I am looking to hit the streets tomorrow to gather information of the 2/3/4 units in my area and to send out direct letter. 

Thank you

Good morning everyone, 

So lucky to have found this website and i look forward to learning much and sharing even more with you all. 

I want to give a quick introduction and also present with a situation to analyze. I am looking forward to hearing different perspectives.. Thank you in advance. 

So I am a 26 yo single female and I am in the process of buying my first property-- i am currently renting and my leasing agreement is up  15 April 2019. Over the summer I decided that i no longer wanted to rent and would like owning a home to be my next step.., however, i have shifted my mindset and would like to not just buy a liability (the first home) but would like to create an asset via house hacking. I currently live in the Baltimore Metropolitan area.

I am currently prequalified for a "Purchase and Rehab" loan for up to 160K--my thoughts right now are to find a property (duplex/multifamily) under 100K (foreclosure preferably)  fix it up and house hack/rent out the other unit. Although after research, seems nearly impossible to find. Also, this loan has limitations, which are that the property must be located in specific "healthy neighborhood- target blocks" . (The program is Healthy Neighborhoods Program).

I guess my question is .. being that I would like to get into investing ASAP and i feel like this would be a great small step , are there any more options out there that would be more optimal for my situation (hard money lender, other programs, better routes)? 

My concerns: -I will not be able to find a duplex/multifamily in specific price range/area -This loan will prevent me from buying more properties. -I will have to settle for a single family home (liability).

Thanks so much.. I cant wait to hear different perspectives. :-)