All Forum Posts by: Kevin Zolea

@Allen Monroe If it would be cheaper to house hack rather than rent then I think it would be beneficial. Just make sure it cash flows once you leave!

In my current house hack, I am paying $500 to live there with the other unit rented. If I were to rent in this same neighborhood I would be paying around $1350. However, once I leave I will be cash flowing around $250.

@Jean-Paul E. Gagnon I only have one property so take this with a grain of salt lol but I have been really enjoying Stessa since I started. I highly recommend it if you haven't checked it out yet.

Assuming that professionals that were referred to me by other investors I looked up to were the right fit for me and not taking a deeper look into them before working with them.

@Ben Swartz I agree with Nicholas. There's a lot of stuff that can go wrong and if you spread yourself to thin it can be detrimental.

@Chase Yokoyama I just started house hacking. I think it's one of the best ways to get started if your considering to continue buying rental properties. There's so many benefits and it gives you first hand experience of being a landlord.

Hey @Ben Muska! I was in a similar position as you a couple months ago. I ended up getting a property that had been on the market for quite some time and had tenants that were being difficult with showings. I would try and look for properties that have been on the market for some time and may have some hidden potential.

@Diara Campbell From my understanding, you can only have 1 FHA loan out at a time. However, there are exceptions to this rule such as having to move for work. I'd suggest getting in contact with a loan officer that is an investor or understands investing, they should be able to help you strategize!

@Austin Negron I definitely agree. I had to part ways with the first agent I used because he was extremely pushy and didn't value the numbers I was trying to achieve. In the end, it worked out great because it taught me what I didn't want in an agent!

@Evan Gorczynski I'd suggest checking around for a conventional loan that offers a lower PMI than FHA. I used HomePossible for my first house hack and the PMI rate was lower than FHA with no upfront MIP.

@Angel Nieves My girlfriend wasn't interested at first but then I started playing podcasts while in the car driving somewhere. It has gotten her more interested. I also got her rich dad poor dad. I think for her she just didn't understand it enough.