I am on the lending side of things so feel free to reach out if you ever want to talk shop and finance options that are out there. 

A recent article discusses how Bloomington is considering flexible zoning to support dorm-style units, aiming to provide housing solutions for residents earning 30% of the area median income (AMI). finance-commerce.comThe city has successfully added new rental units in the 50% and 60% AMI bands but faces challenges in creating units for the 30% AMI bracket due to financial constraints.

Have you asked the owner about seller financing?

If you don’t have a clear understanding of your cash flow, operating costs, and future expenses, you could be setting yourself up for financial stress down the road.The Power of Financial ClarityYou can’t make smart decisions without knowing the full picture of your finances.

I still have plenty time left saving but when the time comes I’ll either be looking into conventional  loans, or some type of remodel loan to pay for the repairs of the property I am looking to fix up, because as far as I’ve seen so far it’s hard to find a good deal starting out unless you buy it as discounted as possible and put some sweat equity into it, let me know your thoughts on that ur possible.

After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.

Beginning my house hacking journey and looking to connect with as many other investors in our area as possible. 

It’s a solid way to leverage equity, but as with any financing, make sure the numbers work and you’re comfortable with the risk.

Between now and then, I am committed to learn and connect as much as possible!

Be sure to research rental demand, zoning laws, and financing options before deciding.