All Forum Posts by: Tyler Yontz

Thanks to everyone who replied this helps a lot and has pointed me into a good direction on what I need to do next. Appreciate it! 

What’s up everybody, 

I am located in Portland, Oregon and some what new to Real Estate! my goal is to Get an FHA loan in order to acquire a SFR to House Hack. I had a conversation with a friend recently and a few questions were brought up about my plan that I wasn't to sure about. I listed them down below if anyone can answer these or has any other knowledge they can give me about house hacking that would be greatly appreciated!

1. Would there be anything stopping me from being able to rent out separate rooms on my property? (Laws, lenders)

2. Do I have to report Me House Hacking on my taxes or to my Lender? 

3. Do I get taxed on my cash flow from renting out my rooms? 

@Kyle J. thanks for the clarification! Yes at least i hope he wouldn't agree without seeing it.  I just wanted to make sure there wasn't an additional document/steps that i needed him to sign/do before i went to the title company.

@Dan Barli thanks for the advice! Yeah I had my guy look it over and I am using the contracts from BiggerPockets so I guess they are legit to him. So once the assignment contract is signed I just take it in to the title company? Does the title company pretty much take it over from there? 

Hello, 

I got my first property under contract to wholesale via a purchase and sale agreement between me and the seller. I have someone who wants to buy the property. My question is how do I go about assigning the contract? Do I just send him the assignment contract and that’s it? I noticed the assignment contracts only have information about the wholesale fee not the price for the property.

@Blake King look into Investor carrot. They make great websites targeted for investors and do most of the work for you! 

I agree with @Ken Nyczaj stick with one thing and master it. Its better to be the master of one thing then just okay at everything!

Hey @Jathin Reddy you should try Gobigprinting.com they have some good prices and a lot to choose from!

@Todd Fithian thank you for the link! can you also pull comps off this website as well?