All Forum Posts by: Bradley Dosch

Hey Paul, great post! Of course the answer depends on what your unique goals and lifestyle are. But since you're asking what I would do, here's my answer. I would move out of and rent out the current place and buy a new primary residence (house hack) with a low down payment loan. I would also use the equity you have in your current place (probably HELOC) to buy another investment opportunity (whatever asset class excites you). I don't think order matters too much. Definitely talk to a local rockstar agent and lender about this! Good luck Paul

Hey Patrick, great post and welcome to BP. In regards to people in your life caring about this - first off, doesn't really matter. It's your life and you gotta make your own decisions. I've found that people will learn to respect your decisions if you consistently do them confidently. Also house hacking is super cool and I don't think anyone will judge you for it - none of my loved ones looked negatively upon it. It can be super debilitating when I'm worried what other people think so I make it priority not to focus on that.

Using a VA loan to buy a house hack is an excellent move! I would certainly do this and then try to move into the next house hack as soon as possible rather than waiting 3-4 years. But of course this is your life and you gotta make the decisions that best fit your goals and lifestyle! Thanks a lot for the post Patrick best of luck!

I've never heard of a HELOC lender caring if you rent out some rooms in your primary residence. I agree with Lien - I would just go to another bank!

Hey Justice, thanks for making this post! Traffic engineering sounds neat, I wonder how much you'd agree with that statement lol. Sounds like you have a great plan in place, hopefully you keep us updated along the way!

Hey Ran,

Thanks for making this post and for being so vulnerable. I'd say the first step is to drop the negative self talk. No need to call yourself a loser. You are your own best friend!

That sounds like an interesting position for sure. House hacking can certainly be a great option for you! I think the best step is to find a rockstar agent and lender in your area and start devising a plan with them. There are plenty on this site. 

Focus on improving the people you associate with, your confidence, and your overall self worth. These things are much more important than money and real estate. Thanks Ran!

Hey Roshad, funding a house hack with hard money is not common and doesn't make a ton of sense. Most HMLs won't allow an owner occupant. If you need stability now, a W2 job is probably your safest route. If you do this you'll also be able to obtain a conventional low down payment owner occupied loan. Do what fits your lifestyle goals. Hope this helps, good question, good luck Roshad

The usual answer is to buy a house hack with a low down payment loan and live as close as you can to free. This is the most accessible way for most people. 

Hey Bryce, it can certainly be tough searching for a quality house hack. It can be difficult finding a 2-4 unit in which the numbers make sense. In many markets you will have much more luck doing a rent by the room single family house hack. Perhaps less comfortable but it will get you started, out of your parent's house, easier to finance, usually more lucrative, and much more inventory. I don't know much about Danbury but that's the way it is in many markets. Good luck!

Hey Cesar, awesome post and welcome to the community. I think your next move depends on where you want to go and your goals. Get crystal clear on that and then pick a path that fits that. For example, often times the goal is financial independence through passive income. Ideas that fit this would be turning your current home into a house hack by renting out extra space so that you can save more money. Or, since you said you already have money saved up, you can keep your current home as a rental and go buy another rental or house hack. Hopefully this helps, good luck Cesar!

This is an incredibly detailed report of your house hack in Denver Ryan. Thanks so much for sharing all these details! I love that you used your own commission towards closing costs and down payment with the 5% down conventional. Also great job on picking a layout that works for your purposes