Lender · Nationwide · Member since 2018 · 69 posts · 32 votes
Hey everyone,
I'm excited to be here! I've been in the real estate lending industry for over a decade, helping investors secure funding for their deals. Now, I'm stepping into the investor role myself and looking to learn, grow, and connect with like-minded individuals.
I'm eager to share insights from my lending experience while also gaining knowledge from seasoned investors. Looking forward to great discussions and opportunities to collaborate!
Rental Property Investor · Cleves · Member since 2023 · 132 posts · 82 votes
1y
hi, welcome! i specialize in house hacking since 2024. i'm gonna house hack my way to the top! jk just kidding but welcome. i would love to learn more about the types of lending that would benefit myself in the house hacking world. take care.
I'm excited to be here! I've been in the real estate lending industry for over a decade, helping investors secure funding for their deals. Now, I'm stepping into the investor role myself and looking to learn, grow, and connect with like-minded individuals.
I'm eager to share insights from my lending experience while also gaining knowledge from seasoned investors. Looking forward to great discussions and opportunities to collaborate!
How did you get started in real estate investing?
Hey @David Atis. Welcome to the BP forum. From a former CDFI real estate lender myself, what type of real estate lending did you do? Where you are you looking to invest and what types of properties?
Thank you! With your focus in using house hacking, Conventional or FHA loans would be your best options. Keep in mind, it would be in your best interest to go for as high as 4 units on each purchase to maximize your door count.
I've seen some people house hack a single family home by renting out the rooms, but keep in mind that traditional lenders would not be able to use the income from renting out the rooms (known as boarder income) towards additional income on the application.