I financed this deal using private/hard money.

I financed this deal using private/hard money.

Hey guys,  Im thinking of shifting my traditional checking/saving account and mortgage to a manulife one account which my broker has suggested so I can be ready to pounce on a house and properly conduct the yellow letter direct marketing offering cash when they want it. 

- I should not be signing anything regarding title or mortgage documents if I use a land trust.

Jeremy Hicks at Guild Mortgage in Central Oregon Hi @Christina Tsutsui-Tharp!

That's including high Baltimore property taxes, expenses, mortgage, etc. 

I've got a private investor though if the right deal presents itself for a larger reno.

Property is on an acre lot so units are separated and very private making it a great house hack.Located next to Benderson Park which makes it a great location for STRing the guest house.

Quote from @Zachary Kessler: Hello all I’m currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don’t want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU.

I think this is a calculation a lot of homeowners are making right now--especially if they have a low interest mortgage, equity, and their house will cashflow as a rental.The choice is a personal one of course, but I think your future self will thank you if you pull out some equity from your existing home with a HELOC for the downpayment on the next house and a cushion renting your current home, use a property manager as you have other things to do, and buy the next house and do the same thing again.