Below is a list of the states and their requirements for prepay AL Alabama Yes No restrictions None Refinance or saleAK Alaska No N/A N/A N/AAR Arkansas Yes No restrictions None Refinance or saleAZ Arizona Yes No restrictions None Refinance or saleCA California Yes No restrictions None Refinance or saleCO Colorado Yes No restrictions None Refinance or saleCT Connecticut Yes No restrictions None Refinance or saleDC District of Columbia Yes 2 months interest on prepaid amt that exceeds 1/3 of original UPB36 Months Refinance or saleDE Delaware Yes No restrictions None Refinance or saleFL Florida Yes No restrictions None Refinance or saleGA Georgia Yes No restrictions None Refinance or saleHI Hawaii Yes No restrictions None Refinance or saleIA Iowa Yes No restrictions None Refinance or saleID Idaho Yes No restrictions None Refinance or saleIL Illinois Yes No restrictions None Refinance or sale Borrower must be corporation if interest rate is > 8%IN Indiana Yes No restrictions None Refinance or saleKS Kansas Yes No restrictions 6 months Refinance or saleKY Kentucky Yes No restrictions None Refinance or saleLA Louisiana Yes No restrictions None Refinance or saleMA Massachusetts Yes No restrictions 36 Months Refinance or saleMD Maryland Yes No restrictions 36 Months Refinance or saleME Maine Yes No restrictions None Refinance or saleMI Michigan Yes 1% of amount prepaid 36 Months Refinance or saleMN Minnesota Yes Lesser of (i) 2% of UPB or (ii) 60 days of interest 42 Months Refinance only PPP restrictions only apply to loans within conforming limits MO Missouri Yes No restrictions None Refinance or saleMS Mississippi Yes 5% of UPB if prepaid in months 1-124% of UPB if prepaid in months 13-243% of UPB if prepaid in months 25-362% of UPB if prepaid in months 37-481% of UPB if prepaid in months 49-6060 Months Refinance or saleMT Montana Yes No restrictions None Refinance or saleNC North Carolina Yes No restrictions None Refinance or saleND North Dakota Yes No restrictions None Refinance or saleNE Nebraska Yes No restrictions None Refinance or saleNH New Hampshire Yes No restrictions Refinance or saleNJ New Jersey Yes No restrictions None Refinance or sale Borrower must be corporation if interest rate is > 6%NM New Mexico No N/A N/A N/ANV Nevada Yes No restrictions None Refinance or saleNY New York Yes No restrictions None Refinance or saleOH Ohio Yes 1% of original UPB 60 Months Refinance or saleOK Oklahoma Yes No restrictions None Refinance or saleOR Oregon Yes No restrictions None Refinance or salePA Pennsylvania Yes No restrictions None Refinance or sale Not permitted for loans less than base amount ($312,178)RI Rhode Island Yes 1-4 Purchase: 2% during first year only.Otherwise, no restrictionsPurchase: 12 months Refinance: 60 monthsSC South Carolina Yes No restrictions None Refinance or saleSD South Dakota Yes No restrictions None Refinance or saleTN Tennessee Yes No restrictions None Refinance or saleTX Texas Yes No restrictions None Refinance or saleUT Utah Yes No restrictions None Refinance or saleVA Virginia Yes No restrictions None Refinance or saleVT Vermont No N/A N/A N/AWA Washington Yes No restrictions PPP on ARM cannot extend beyond 60 days prior to the initial rate change dateRefinance or saleWI Wisconsin Yes No restrictions None Refinance or sale No PPP permitted on ARMSWV West Virginia Yes No restrictions None Refinance or saleWY Wyoming Yes No restrictions None Refinance or sale

Get in their buy lists.  

I've seen a few houses that list as 3/2 requiring substantial rehab, but could probably become 4/2 with the right plan. 

DM me your email and I will add you to our email list to our meetups. 

Analyzing a current property listed for 39,500.ARV x .7 - rehab cost= my max offerARV is looking at 60,000.Rehab is looking  around 10,000.70% of ARV is 42,000, minus 10,000 for rehab, equals max offer of 32,000.I do my best to underestimate ARV and under estimate refinance LTV, this could cut into number of deals acquired but reduces risk of over estimating and having money tied up in the property.

When financing your new home, get pre-approved for a mortgage before listing, showcasing your financial strength to potential sellers.

It was already under contract but I kept on good terms with the listing agent and when they had issues with the buyers I got to come in and take over How did you finance this deal?

Check into the items listed above and if you get a green light, definitely move forward! 

They also have some other helpful information listed such as ROIs, quality of life, things to watch out for in that city, etc.Currently they only show some cities and states that are "worth it" to invest in, but Im hoping that they can slowly add more.

One of the first things I would do is look up a list of local lenders that are in the same area as the home you're going to house hack.