All Forum Posts by: Brooklyn Hunt

I am just curious if townhomes/condos are worth the investment for a first time home buyer wanting to house hack? 

Quote from @Erik Estrada:

Quote from @Brooklyn Hunt:

Hi, I am a very new investor, so please excuse my lack of proper terminology if it occurs. I am a young 20yr old hopefully soon to be investor. I am currently working at a brokerage firm. Mine and my SO’s annual income gross income together comes out to around $148,000. I am looking into house hacking once I purchase my first property, so with that I am looking for house with at least 2 bathrooms(one on each floor obv), a basement, and at least 1,700 sqft. The houses I have been looking at that meet this criteria go for around 400k-460k. I would love to hear some of your opinions on what amount is ideal for a down payment, closing cost, ect. And any advice you find prevalent to my situation is much appreciated.

 Hey Brooklyn, 

What is you and your SO's approximate monthly debt?  What are both of your mid FICO scores? 

You said you work at a brokerage firm, how long have you been employed there? Are you an independent contractor or an employee? 

Does your SO also have 2 years work history? And are they self employed or W2? 

So sorry for not adding the CRUCIAL additional info, I have been at the firm for 2 months and my SO does have 2yrs of employment history, we are both on w-2 income. Monthly debt is $600. My credit is at 650 and his is in the 500-550 range. As far as credit goes I just started building mine recently and we are working to improve my so’s. 

Hi, I am a very new investor, so please excuse my lack of proper terminology if it occurs. I am a young 20yr old hopefully soon to be investor. I am currently working at a brokerage firm. Mine and my SO’s annual income gross income together comes out to around $148,000. I am looking into house hacking once I purchase my first property, so with that I am looking for house with at least 2 bathrooms(one on each floor obv), a basement, and at least 1,700 sqft. The houses I have been looking at that meet this criteria go for around 400k-460k. I would love to hear some of your opinions on what amount is ideal for a down payment, closing cost, ect. And any advice you find prevalent to my situation is much appreciated.

Quote from @Jayson Cain:

Hi @Brooklyn Hunt,

I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis. Now, I have a portfolio of Short Term Rentals and Long Term Rentals.

I've also helped other investors with their DSCR loans and flip projects. Happy to share my experiences and chat with you more if you're interested.

That would be great!

Hi, I am a complete toddler when it comes to investing and buying a house in general…Just learned what refinancing was a couple months ago. (I am 20 yrs old) Investing has always been an interest of mine and after a couple months of searching I got hired too an investment company. I am currently working on passing my SIE, Series 7, and 63. I have decided after passing these I want to obtain a real-estate license as well. Now for my dilemma my investment company I work for doesn’t offer any real estate career paths, unfortunately as it is a passion of mine. The company I work for has great benefits including retirement that I don’t want to lose. I want to invest in real state and I want to start as soon as possible. So my question is, how practical is it to work a 40hr week and still being able to invest in real estate as someone completely new to the business? What advice would you give to a young investor?