What is your current financial situation and how does that fit into house hacking?

Financial institutes like banks and other lenders still don't always understand them.

As far as questions to ask, the big ones should be covered in the financials of the updates you get.

If you're in need of such expertise, I'd be happy to provide a referral.Regarding financial management:1.

I currently work in the Information Technology sector as a programmer analyst and am looking to start this exciting adventure toward financial independence using real estate as the vehicle.  

This aligns well with your frugal lifestyle and long-term investment goals.Refinancing Now: While this means a higher interest rate and increased mortgage payments, it removes your ex from the mortgage immediately, simplifying your financial situation.

I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?

How do real estate investors handle the financial gaps when buying a new property before the previous one sells?

The flooring retailer is the latest in a growing list of companies forced to shut down due to changing market conditions, rising competition, and the lingering effects of the COVID-19 pandemic.The company’s financial struggles began after the pandemic-fueled home improvement boom fizzled out.

They will look at the credit history, income, and other financial information to determine if the borrower is able to repay the loan.By following these steps, you can determine whether a property investment qualifies for a DSCR loan.