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Results (10,000+)
Greg Rosen Advice on house hacking 1-4 units with FHA loan in NYC/NJ
24 July 2024 | 7 replies
(and I have full time job so time is limited)Here’s a breakdown of my investment plan–I would greatly appreciate any guidance and recommendations on making this (or some version of this) happen.PropertyLocationAttributesB-level areas (A-D scale)Safe enough for my girlfriend to feel generally safe walking alone in the eveningWalkable neighborhood / close to transit (car ownership not necessary to live there)Area(s) of interest (not set in stone)Jersey City areaConditionB or C-level (A-D scale)Semi-distressed with potential for minor rehab upgrades ($35k max)DealbreakersFoundational issues / big required rehab due to FHA 203(k) max for streamlined versionSize2-4 units (higher the better)2-4br per unit preferredMax Budget (FHA loan limits)NYCSingle-Family Home: Up to $1,089,300 + 3.5%Duplex: Up to $1,394,775 + 3.5%Triplex: Up to $1,685,850 + 3.5%Quadplex: Up to $2,095,200 + 3.5%Hudson County, NJSingle-Family Home: Up to $1,149,825 + 3.5%Duplex: Up to $1,472,250 + 3.5%Triplex: Up to $1,779,525 + 3.5%Quadplex: Up to $2,211,600 + 3.5%TimelineTitle in-hand latest: Jan-Feb 2025Can potentially buy earlier if I sublet my current apartment in NYC as needed (lease expires Mar 1, 2023)Rehab: 30-45 days max of minor rehab/renoMove-in: on or before Mar 1, 2025 (hard deadline)FinancingLoan type: FHA or FHA Streamlined 203(k) for rehab <=$35kPossible conventional loan if I seek investment from family/friendsApproval statusGoal is to get pre-approved now in advance for credibilityMy statsEmployment: Full-time at large bankIncome: low-mid 6 figuresAssets: low-mid 6 figures (including 401(k))Credit score: 800DTI: 2.5% (student loan)Thank you in advance for your support.
Michael Stat ADU Conversion -- Las Vegas
22 July 2024 | 2 replies
The house I am looking to buy has a detached garage about ~1300 square feet and already has a bathroom in the property. 
Ingrid Hussey Flat Screen TV's on the Wall
23 July 2024 | 5 replies
They also are really appreciative if they don't already have a wall mount so me buying it goes a long way in starting the landlord/tenant relationship off on the right foot. 
Ashley Harris House hacking for Beginners in Pittsburgh
22 July 2024 | 10 replies
However, not many people are eager to do that.Once you’ve established your budget and your level of comfort with sacrifices, buy the best deal in your market.
Justin Bettano Best financing products for short to mid term rental
20 July 2024 | 11 replies
Non-warrantable condos have a few extra hoops, but they're doable.
Dan Hertler Is SFR Cashflow a Myth?
20 July 2024 | 59 replies
Replace it when you buy, and it's free. 
Todd Doxzon Rent to Own BRRR
22 July 2024 | 0 replies
Investment Info:Townhouse buy & hold investment.
Steve Sorensen Year Long AirBNB Request
23 July 2024 | 11 replies
They just wanted something furnished while they shopped for a house to buy.
John Underwood New law makes wholesaling illegal is SC
22 July 2024 | 82 replies
He had an agreement with the seller to buy, but not close until after rehab.
James Wesley Tri-Cities, WA - Investor focused Realtor recommendations
22 July 2024 | 3 replies
Hey James, did you end up buying in tricites?