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30 June 2017 | 11 replies
Go here (fanniemae.com link), and sum up all the LLPAs applicable to your scenario.So let's say 75% LTV triplex investment property with a solid 700 FICO.LTV/FICO: 1.250%Investment property: 2.125%Unit count: 1.000% (owner occupant house hackers get this one too)TOTAL: No biggie, a mere 4.375%, in discount points, which is $17,500 on a $400k loan.Do you see why we just default to offering the higher rate, rather than walking through that and asking for another $17,500 in fees (while trying to maintain a straight face) on top of all other normal closing costs every time?
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1 June 2017 | 6 replies
@Gene Hacker is spot on.....
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30 May 2017 | 8 replies
The meetup mentioned by @Gene Hacker is a good one.
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2 June 2017 | 9 replies
REI focused Realtor, house hacker, VA specialist, etc.
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1 June 2017 | 13 replies
Hey everybody. I am a newbie investor, land lord, and home owner. I bindged listen to bigger pockets religiously. I recently purchased a triplex to live in one unit and rent other 2. Was wondering if anyone had any id...
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4 June 2017 | 15 replies
A lot of aspiring house hackers lose sight of this and lose deals because of it.4.
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2 June 2017 | 4 replies
My agent and I figured it was best to keep it this way to attract potential home hackers (owner occupants) or investors in order to have a broader pool of potential buyers.The duplex itself was in mint condition by foreclosure standards.
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18 November 2016 | 5 replies
Additionally, and no secret here to house hackers, I have the advantage of acquiring the property as my primary residence as a first time home buyer, which will allow me to put as little as 3% down.That said, I'm wondering if I can "rinse, lather, and repeat" this strategy for my next investment in say, 12 months?
17 October 2017 | 9 replies
Anyway, finally got it listed and can't wait to start the journey as a landlord and house-hacker.