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All Forum Posts by: Tyler Smith

Tyler Smith has started 2 posts and replied 5 times.

@Nick Stageberg @Jessica Grewe Yes, I have joined the facebook group and am excited to attend the meetings and further my learning!

@Joe Splitrock Actually there has been a lot of growth due to the Mayo Clinic making a big hiring push. I think housing prices have close to doubled in 5 years.

Hi Everyone! I am a 25 year old Engineer living in Rochester Minnesota and am house hacking while fixing up the property. Currently I'm making plans to buy my first rental property either within an hour drive of Rochester or back home where the majority of my family lives in northern Ohio. Hoping to get to know some people interested in real estate investing and have joined a local real estate investing group! If I can do anything for you please let me know! I am blessed with a high income from my day job/house hacking and would love to partner with someone more experienced to get some hands on learning experience while creating great deals! Even if you need assistance with property management I would love to start learning about that aspect of real estate investing!

-Tyler

Can you turn an owner occupied property into an investment property after 12 months if the LTV is greater than 80% and there is PMI? I am thinking of turning my current home into an investment property after 1 year and purchasing a new home with an owner occupied loan but am not sure if I can do this since there will still be PMI associated with my current home. Also the home will not appreciate enough in this time to get LTV less than 80%.