All Forum Posts by: Arjun S.

@Stephanie P. : Just to acquire a rental property i.e to buy and hold

Hello,

I am looking for recommendations for investor friendly lenders in Austin, TX area. Any suggestions on who I could contact?

Partnering sounds like is the best way to go in your situation! Was on the same boat and going with this option

Masters in Electrical Engineering! Looking to invest in Austin/San Antonio area. If anyone interested in teaming up or exploring together, shoot me a message :)

Debt and lack of knowledge! But I am very motivated to take a leap and invest in a multifamily home in 1-2yr timeframe

@Steven Wilson: Thanks a lot! Was a little worried that the appraisal might come lower if rooms are rented out. One less thing to worry about

I have rented 3 rooms in my 4B owner occupied home. I am planning on refinancing my 30yr loan to a 15yr term and wondering if long-term room rentals in anyway impact the appraisal process.

Thank you all for your invaluable suggestions! I rented 3rooms and the rent covers 95% of my mortgage for now :) Now I can look forward to saving that extra money which otherwise would have gone towards the rent, to purchase an investment home in under a year!

Thank you! Will check with them

Hello,

I recently bought a 4B home and moved-in a month ago. I am wondering if I can rent rooms in my house since I have 4 rooms and I am the only one living. This home was not classified as an investment home for mortgage purposes since I wanted to move here.