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Updated over 5 years ago on . Most recent reply

User Stats

32
Posts
21
Votes
Zach Crews
  • Rental Property Investor
  • Charlotte, NC
21
Votes |
32
Posts

First househack in a hot market!

Zach Crews
  • Rental Property Investor
  • Charlotte, NC
Posted

What advice would you give to help a first time house hacker in acquiring their first property in a hot market?

My specific situation I have been on the MLS for months and placed multiple offers nearly always over asking and have not been able to pin a deal yet. I am in Charlotte NC and working with a 3% down conventional loan product that requires appraisal etc. Currently looking at homes in the 150-220k range with a 3br 2 bath minimum.

Is it possible to purchase a deal from a wholesaler using conventional financing?

Any creative solutions and scenarios are welcome!

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