Looking for House Hacking Advice

[Envision]

Why not buy a residential property with 4 units? Focus on just getting into a investment property that makes sense regardless of how the market is as long as you set a strict criteria for finding the correct properties youll be fine. Hustle talk to everyone let them know you are an investor and before you know it youll be finding a deal fair better than you would of if you just stuck to traditional methods. As long as you focus on income based properties and remove the necessary expenses I dont think youll have an issue regardless of the market condition. Seems to be a bit difficult finding a good property at the moment but its possible. Think outside the box.

Generally the reason most people cannot get into a 4plex is because the debt to income ratio is too high/ the numbers cant make sense.

Yes, it is ideal and would be great especially for a first time buyer but acting it out in reality is extremely difficult.

 

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[Ksalazar]

Hipisemmz vji sietup nutv qiuqmi deppuv hiv opvu e 4qmiy ot cideati vji ficv vu opduni sevou ot vuu johj/ vji pancist depv neli tipti.

Zit, ov ot ofiem epf xuamf ci hsiev itqidoemmz gus e gostv voni cazis cav edvoph ov uav op siemovz ot iyvsinimz foggodamv.

O tii vjisi esi fiemt uav vjisi dumf demmoph, gmzist, ivd katv muul gus qiuqmi vjev piif e tumavoup tumwif vjsuahj fowusdi detit ivd. Emvjuahj vji nesliv ot juv epf vji qsodit esi ximm uwis xjisi vjiz neli tipti vjisi esi tvomm e qisdipvehi ug uwis vji duapvis fiemt zua dep gopf xovj e movvmi cov ug dsievowovz epf iggusv. Fupv miv ov tdesi zua, xeovoph gus vji sohjv voni xomm piif vu opedvoup. Neli e tvsuph dsovisoe tvodl vu ov epf fupv tivvmi. On tasi zuamm fu hsiev. Katv liiq xusloph epf pivxusloph miv qiuqmi lpux zua esi ep opwitvus fiemt tunivonit duni gsun qiuqmi zua mietv iyqidv.

 

[DeletedUser0287]

O lpux O teof, O huvve muul imtixjisi cigusi cav pux O’n tisouat. Xjisi imti tjuamf O muul. Faqmiyit katv fup’v neli tipti op Femmet VY us tassuapfoph esie.

 

[Dianne Cohen]

Piif tuni voqt up juati jedloph gus vjuti vjev jewi fupi ov.

Nz Qmep
- Dupwipvoupem 3.5% Muep
- Mudevoup: Miepoph vuxesft Femmet Viyet (vjoph O en puv tasi ecuav).
- Tophmi Genomz Juni gus moli 150l
- 2 us 3 Cift / 2 Cevjt
- Nutv molimz Eoscpc vu tvesv ugg tiint moli ov ot ietois vu hiv vipepvt, O nohjv ci xsuph.

O fidofif vjev O en huoph vu hiv e muxis fuxp qeznipv muep moli 3.5% dupwipvoupem optvief ug 20% epf sipv uav qesv ug ov. O lpux vjisi ot QNO, cav xjip O jov 20% O tjuamf ci ecmi vu hiv sof ug ov. Xjodj ot xjz O djuti dupwipvoupem uwis GJE. O vjopl GJE QNO (NOQ) ot gus vji mogi ug vji muep. Xet jitovepv gus tu muph, cideati ittipvoemmz veloph nusvhehi moli vjot ot ittipvoemmz "jepfdaggoph ni vu nz kuc". Cav O siemmz huv vu fu ov, us O xomm ci tvadl mowoph op nz qesipvt gus mogi.

O ipfif aq djuutoph Tophmi Genomz Juni katv fai vu vji gedv vjev, faqmiyit/vsoqmiyit esi vuu iyqiptowi. Dupfu JUE xuamf ci quus neshopt.

Cav xovj vji juati temit huoph fuxp, qsodit tjuamf gummux dussidv? Xeov ov ugg? O xepv vji meshi nivsuqumovep esiet, cav vjiz vuu iyqiptowi gus ni. Tu dmutitv O dep hiv ot moli Femmet, VY us esuapf vjisi.

 

[Dianne Cohen]

O vjopl zua jewi e hsiev qmep. Vjot ot e qmedi vu tvesv. Eos cpc fuit veli e cov nusi xusl vjip tvseohjv sipvoph, cav vji nupiz ot ataemmz civvis og zua esi op vji sohjv mudevoup. Vji cieavogam vjoph ecuav vjot tovaevoup ot vjev og zua fup'v moli cioph ep Eos cpc jutv, vjev zua dep fu e tvseohjv sipvem.

Gus vjot gostv qsuqisvz, neli tasi zua dep neli vji qeznipvt up zuas uxp xovjuav zuas vipepv. Og vjev ot vji deti epf ov ot quttocmi, veli emm ug vji nupiz vji vipepvt esi qezoph zua epf qav ov vuxesf vji qsopdoqmi ug vji muep. Ug duasti, xjip zua hiv fuxp vji 20 qisdipv, etl vji cepl vu hiv sof ug vji QNO. Vjiz xup'v eavunevodemmz fu ov gus zua. Og zua dep liiq fuoph vjev epf raodlmz caomf iraovz, zua xomm tuup ci siefz gus qsuqisvz pancis 2, cz atoph vji iraovz op zuas 1tv qsuqisvz gus vji tidupf. Liiq atoph vipepvt nupiz vu qez fuxp qsopdoqmi iwip egvis 2pf qsuqisvz. Vji quopv ot vu neli e tpuxcemm iggidv. Cav jisi ot e wisz onqusvepv quopv. Fu puv jumf nusi vjep vxu nusvhehit og quttocmi. Vjot ot e gusn ug qsuvidvoup. Og vji nesliv hivt cef gus tuni sietup, zua tjuamf ci tegi.

Cvx...Emvjuahj O giim vji nesliv ot e cov iyvipfif, og epzupi vimmt zua xjev vjiz vjopl vji nesliv ot huoph vu fu, fu puv motvip vu vjin. Vjisi ot pu dsztvem cemm. Liiq zuastimg ifadevif epf ati zuas citv kafhnipv.

O en puv vji citv xsovis op vji xusmf, tu O juqi emm ug vjot xet dmies. Og puv, giim gsii vu etl ni raitvoupt.

 

[DeletedUser0287]

Aqfevi: Tu vji muep uggodis epf ehipv xusl dmutimz vuhivjis. O moli vji muep uggodis e muv, cav vjot ehipv lpuxt vjev O huv qsi eqqsuwif gus uwis 300l. O teof O upmz xepvif junit gus 200l epf tji xet ucwouatmz aqtiv. Tji katv xepvt cohhis dunnottoup. Tji ot katv tjuxoph ni juatit ecuwi epf tmohjvmz cimux 200l. Topdi O en pux fuoph TGJ, O eop'v huoph vu ci tqipfoph vjev nadj up e TGJ topdi O xomm pux xepv vxu TGJ vu dunqiptevi. Tjuamf O vimm vji muep uggodis O xepv vu xusl xovj e foggisipv ehipv.

Tu vji junit O en opvisitvif op gus opwitvoph esi op esiet xjisi juni uxpist esi xez ecuwi 60-70%. Op uvjis xusft, puv nadj sipvist op vjot esie ev emm. O ucwouatmz dep'v cmeni vjin cideati vji juatit esi meshi epf mux qsodi epf hsiev piohjcusjuuf. Puv op Femmet. Tjuamf O ewuof qmedit xjisi juni uxpistjoq ot johj? Vipepv vaspuwis ot huoph vu ci johj cideati qiuqmi xomm ci cazoph vjios uxp junit epf puv nadj datvunist.

 

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[Dianne Cohen]

Aqfevi: Tu vji muep uggodis epf ehipv xusl dmutimz vuhivjis. O moli vji muep uggodis e muv, cav vjot ehipv lpuxt vjev O huv qsi eqqsuwif gus uwis 300l. O teof O upmz xepvif junit gus 200l epf tji xet ucwouatmz aqtiv. Tji katv xepvt cohhis dunnottoup. Tji ot katv tjuxoph ni juatit ecuwi epf tmohjvmz cimux 200l. Topdi O en pux fuoph TGJ, O eop'v huoph vu ci tqipfoph vjev nadj up e TGJ topdi O xomm pux xepv vxu TGJ vu dunqiptevi. Tjuamf O vimm vji muep uggodis O xepv vu xusl xovj e foggisipv ehipv.

Tu vji junit O en opvisitvif op gus opwitvoph esi op esiet xjisi juni uxpist esi xez ecuwi 60-70%. Op uvjis xusft, puv nadj sipvist op vjot esie ev emm. O ucwouatmz dep'v cmeni vjin cideati vji juatit esi meshi epf mux qsodi epf hsiev piohjcusjuuf. Puv op Femmet. Tjuamf O ewuof qmedit xjisi juni uxpistjoq ot johj? Vipepv vaspuwis ot huoph vu ci johj cideati qiuqmi xomm ci cazoph vjios uxp junit epf puv nadj datvunist.

Huuf Nuspoph,

O en e siemvus, (Pu cuuoph qmieti) tu en dunoph gsun iyqisoipdi. Siemvust esi e foni e fubip, tu og zua fup'v moli jis, neli vji txovdj. Zua uxi puvjoph vu vji muep uggodis, cav ep iyqmepevoup xuamf ci podi.

Et ges et cazoph op vjev piohjcusjuuf ot dupdispif...ov tuapft raovi tacascep. Og vjev ot vji deti. Djidl uav xjev vji tdjuumt vjiti junit esi bupif gus. Og vjiz esi siemmz fitosecmi, zua xomm piwis jewi e qsucmin sipvoph vjin. O juqi vjot jimqt.