Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

3
Posts
1
Votes
Taylor Chouinard
  • Leicester, MA
1
Votes |
3
Posts

House hacking rentals

Taylor Chouinard
  • Leicester, MA
Posted

I was almost completed the underwriting for a "operation welcome home" loan which previous allowed in its guidelines that would take income from a rental unit into consideration for the approval of the loan. Turns out they recently changed the guideline and made it that I would have to put 5% down all of a sudden. This property proves positive cash flow and follows the 2% rule however I now have to come up with 8k cash when we were planning for 3k. As a first time home buyer, what would be a creative way of going about getting this 8k when you do not have that funds now.

Loading replies...