How can you house hack every year or every 2 years when you put down 3.5? I assume that was a FHA loan. I would assume there is a clause in the paperwork that the loan would be due if you use the FHA with another property right?
So what I had to do was refi out of my FHA into a Conventional before I could use an FHA again. After that it was pretty standard. I no longer had an FHA under my name so no issues there. The issue was finding a lender that was willing to give me an FHA only street away from the first. If a lender tells you you can't use an FHA more than once they are not house hacking friendly and you should shop around.
Definitely presents more of a challenge! Could you find a SF property with an in-law suite or maybe a detached garage or something you could convert and rent? That's my dream property haha
Hi guys I like your pod cast and you love to be interviewed, Iam and investor and realtor .thanks
Tony's comment about building your community with people that practice delayed gratification is HUGE.
Congratulations Dan on your successful journey of house hacking! I wish you continued success.
Thank you!!
Nice video!
How can you house hack every year or every 2 years when you put down 3.5? I assume that was a FHA loan. I would assume there is a clause in the paperwork that the loan would be due if you use the FHA with another property right?
So what I had to do was refi out of my FHA into a Conventional before I could use an FHA again. After that it was pretty standard. I no longer had an FHA under my name so no issues there. The issue was finding a lender that was willing to give me an FHA only street away from the first. If a lender tells you you can't use an FHA more than once they are not house hacking friendly and you should shop around.
House hacking sounds great but unfortunately this does not work for my family of 5.
Definitely presents more of a challenge! Could you find a SF property with an in-law suite or maybe a detached garage or something you could convert and rent? That's my dream property haha
How does he even get 63% at this point? Interesting!!
What was the name of the rent cast? Rent cafe?
?
It was rent cast , look it up on google , I’ve been using it for years
First?