All Forum Posts by: Ursula Leake

 Reach out to @Upen Patel at the Federal Savings Bank.

@Ursula Leake - Happy to chat with you. I'm a 3x house hacker personally, and almost exclusively work with house hackers/investors around the country. Shoot me a message if you'd like!

"Househacking" means different things to different people. Do you intend to live in the home and rent out rooms? Or use the home as your Primary while you fix it up, and then move out and rent the whole house?

Hi @Raven Reinmuth! Awesome that you are already thinking about your second property! Never too early to get started, and you'll find it easier than you think once you get there. My first suggestion would be to chat with a lender who is familiar with house hacking (We have a fantastic one!) and they will be able to guide you and let you know exactly what will be needed, and how much you'll need your current place rented for before you close on the next one. 

You will just need a lease signed prior to your closing on the second one, no need to get it done way beforehand. The lenders take signed leases as "stable income" and thus don't need to verify them over the course of time. STR income or any other form of rental where you don't have a signed lease will act as 1099 income and thus would require 2-year history.

If you want a lender recommendation, or have any other questions, don't be afraid to reach out! Good luck with your new property!

 Same it would be crazy to not do it as long as You can

Question: Have you ever had trouble getting financing moving house to house every year? And I mean qualifying for 3-5% FHA or Conventional. My year is up this year and I'm looking to move again I just have questions in my head how they'd view that when it comes to financing.