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All Forum Posts by: Vang Cha

Vang Cha has started 2 posts and replied 3 times.

Buying & Selling Real Estate

Post: FHA Loan and House hacking

Vang ChaPosted
  • Milwaukee, WI
  • Posts 3
  • Votes 0

I recently asked my Real Estate professor if I was able to constantly take out FHA loans, after I have lived at the property for 6 months or a year. He told me that I was only able to "house hack" one time, since it was only for first time home buyers. Please advise!

Also, is there a way to NOT live at the property for the 6 months or 1 year?  (Professor says that it is not possible because it is a Federal Crime).  Was curious because I thought I heard Grant Cardone said that he "changed his mind" when house hacking.

0 Votes
Buying & Selling Real Estate

Post: Process when buying a deal?

Vang ChaPosted
  • Milwaukee, WI
  • Posts 3
  • Votes 0

After finding the right deal with positive cash flow, what is the next exact steps to buying a deal? 

Such as, (Offers, Banking/Loans, Paperwork, etc.)

0 Votes
Buying & Selling Real Estate

Post: Pay Cash or Finance?

Vang ChaPosted
  • Milwaukee, WI
  • Posts 3
  • Votes 0

I would say to use the 100k as a down payment for a 500k apartment to increase your cash flow.  The more units, the better.

0 Votes