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All Forum Posts by: Amha Demissie

Amha Demissie has started 2 posts and replied 2 times.

Post: house hacking as second home buyer

Amha DemissiePosted
  • Posts 2
  • Votes 5

Hello BP 😎 ai am new here but i listen to real estate rookie for awhile. i bought single family house in 2019 and now i want to buy a four family house i have home equity should i use it at a down payment or not around here in boston the 4 family house is between 900,000-1.2M so i need to do house hack put down payments as low as 3.5% and rent my single family and show the Leander as an income to and i only have 30k saved up and the leander want to see 3 month reserve should i take HELOC and show them that i have reserve or is there any other options? Thank you

Post: house hacking as second home buyer

Amha DemissiePosted
  • Posts 2
  • Votes 5

hello every one 😎 am new for this but i listen real-estate rookie so i need some help here so i bought a single family house in 2019 in Massachusetts and now i want to buy a 4 family so around Boston to buy a four family house is between 900.000-1.1m and i wanted to do a house hacking so i got 2 options to do take a HELOC for a 3.5 down payments and show for the Leander i have at lest 3 month reserve or pay 20% down at this point i don't know what to do