All Forum Posts by: Anthony DelVecchio

I currently live in Virginia, but do not see myself here long term. I want to move to North Carolina or Florida within the next year (depending on where I can land a job). When should I start House hacking? I hear some people say you need to live in an area for a year or so to get the feel of it before you purchase a property. 

Hi everyone! I am working on saving up for my first house hack. I am passionate about stock investing. Nothing crazy, I just love putting money into the S&P 500 and strong growth stocks. My question is, should I be saving up for a house hack in a HYSA, or is it okay to have my money grow in a taxable brokerage, and when it's time to close my first deal, I can take that money out? Thanks!

I am 22 years old. I just recently graduated from college and I am making about 40k a year doing personal training. I have enough money saved up to pay for a house using an FHA loan but I feel like I would be screwed if the house was damaged and I had to pay thousands out of pocket to fix it. I am currently looking for a more stable job than personal training, (hours fluctuate weekly) but I don't want to keep paying rent to a landlord. I want my income to go towards something I own. I may need a cosigner but my parents don't think I am ready to househack. Am I ready to house hack or should I find a more stable job before I dive in? Looking for some guidance here please and thank you.

Let's say I purchase. house hack with an FHA loan, would the closing cost still be roughly 4% of the whole property? Would I be responsible for covering the whole closing cost? How do closing costs work? Any advice would be greatly appreciated, thank you!

Let's say I house hack by putting 3.5% down through an FHA loan. I live in the house for one year either for free or with reduced living expenses. Then what? Do I have to sell the house before I get another one? Can I only have one FHA loan at a time? I know I should just be focused on house-hacking my first property because I haven't done it yet, but what should the next step look like?

Any tips if I house Hack in a duplex and the person next to me just stops paying? I am sure a good screening process can help avoid the situation but can't fully prevent it. 

Thoughts on house hacking with a townhouse? I saw a decent looking one that had an HOA cost. What is an HOA? I heard they were a pain in the *** to deal with

What are some key things to look for when deciding if a property will be a good house hack? Do the numbers work? Is the area safe? Stuff like that...

Best things to know going into house hacking for the first time? Looking for some guidance. I have been looking on Zillow and I see a bunch of cheap properties but they all seem to be in bad areas. I feel stuck

If you rent out a single-family home room by room to college kids, what do you do in the summer when the students move out? Do you just have to pay the monthly payment yourself?