All Forum Posts by: Bradley Dosch

Second option

So you're worried about the appraisal not supporting the purchase price and you having to cover the gap? Not sure which state you're in but there should be a contract addendum that covers you there. Ask your agent about it?

I’ve recently talked with two different sellers. The main reason they’ve cited as not being interested in seller financing is because of “liability”. That is, the liability of someone getting hurt and also stricter landlord tenant laws. In my eyes, the biggest liability is trusting me as an investor to generate cash flow. As the new owner it would be my liability if someone gets hurt. How do I explain this to the seller’s agent in a non “logic bully” way?

Hey Theo! That's so cool you want to get started. Those agents from the FI team in this thread are excellent resources. I would lean on them and go to their meetups!

That's awesome Connor!! Do you also pay the utilities?

That's awesome Sean! Definitely first step is to talk to a rockstar investor agent and lender in your area. With house hacking, you don't need a huge down payment and a lender will help you find the right loan option to accomplish that. They can also help you determine if keeping and renting your house in HB is best or not. Good luck Sean!

Hey Adonis, I agree with @Stephanie P. on this one. Conventional 3-5% down for SFH is the way to go if you can. If your DTI is too high or credit score too low, then FHA may be necessary. I've heard that conventional loans may start allowing 5% down on 2-4 units, which would be awesome.

Awesome deal Mike! Looking forward to seeing how that development goes for you - good luck

Love that use of the VA loan!!

Hey Jarvis, that's the beautiful thing about house hacking - you can get very low down payments anywhere from 0-5%. I'd recommend learning about these loans (FHA and conventional). There are also tons of awesome down payment assistance programs. House hacking does not require a huge down payment! Let me know if you wanna talk more about it.