All Forum Posts by: Casey Ferry

Hello! I am about to put an offer on a great house hack duplex that has been getting used as an airbnb and comes fully furnished. Do I need a business license in the state of California to run an airbnb? and if so what is the process to get that business started as well as how long it takes, how much it costs, and any associated yearly fees/ payments to keep that license. Thank you in advance! 

Hello thank you for taking the time to read this post. Ill give a little breakdown of the situation. I am currently moving and my wife and I have agreed to house hack our next property. In addition to this we want a property with at least 2 acres to have our home on one and have a glamping structure on the other. We have looked into the local county codes and are located next to a popular state and national park with good numbers for reliable returns. In our research we found the perfect property but here is the dilemma. It is listed at 550k but WILL NOT qualify for bank financing. So it has to be cash or creative finance. I contacted the agent and she said sellers would be willing to hold a short term seller finance in exchange for $200,000 down payment and then a refinance into a bank loan. The property needs about 50k in rehab. The property has been on the market over 100 days and I think both the purchase price and the down payment could be negotiated down.  We have about 70k total capital to deploy. How can I purchase this home to house hack (and double dip with the glamping) and come up with the extra money for down payment/rehab? Another reason I am more inclined to pursue this home is location as well as every other home in the area with any land is over the 700k budget so this is a unique opportunity to add value, house hack and glamp.

Am I being realistic? What are the options I could pursue. Thank you all so much!

I am looking to enroll in classes to get my real estate license in Oregon. I went to the state approved list and saw a plethora of options and was wondering if there are any that standout among the others? My only stipulation is that I will be that I live out of state so the courses will have to be done online. Thank you for taking the time to read and respond to this message. 

Possibly. The home needs some work to make it livable in both sides. Some cosmetic updates and new flooring along with other odds and ends. Not sure how that situation would play out. 

 Thank you for your comment I will take your advise and not use these loan products!

 This was very helpful yes trying to avoid 20% down payment. I know little about this situation and will have to do some more research on what the outlines of this arrangement are. Thank you for this reply!

Hello a unique situation with timing of trying to get pre-approved for a loan and looking for a solution to this problem. I am looking to buy my first property (single family that can easily be converted into a duplex to house hack which is my plan) I am in the military and am deploying in April and can use my deployment orders to move my wife to her home of residence which is back in Oregon. This way I can use a VA loan there. The problem is I don't have 12 months of retainability so I can not use my income and she is still job searching (plus about 2/3 of our potential income is what I make). I attempted to go the FHA route as well but ran into a similar problem because my date of separation is on the LES and the FHA will not qualify as such. We are currently waiting for some of her interviews to go through to use her income to pre-qualify with a letter of intent but that could take a while and we would like to make an offer on this property because the area is rural and there are not many house hacking opportunities there. Trying to look into a lease to own or something similar but do not know enough about it or if there are any other options.

Thank you in advance for taking the time to read this post! 

Hello! Currently getting pre-approved in the Tampa area and am looking for a investor friendly property manager. Thanks in advance. 

Hello I am new to bigger pockets and am trying to absorb as much information as I can about real-estate investing. I have been wanting to invest for the past 4 years and have finally had more time to put effort and financially in a position to do this. I am looking to implement the BRRR strategy but am having trouble with a good analysis tool. I am currently using zillow. What is recommended? I have heard good things about propstream and mashvisor. Thank you in advance.