All Forum Posts by: Connor Anderson

Long time no talk Brian! I host a virtual House Hack specific meeting once a month for people in West Michigan. Hoping to transition to in person in the summer months. You should be able to find it on the events page here on BP.

Sick of paying high rent? Want to buy a house but saving up 20% is impossible? Monthly mortgage payments are too high for you to tackle student loans?

Then House Hacking is for you. House Hacking is when you use a low down payment loan to buy a house, 2 unit, 3 unit, or 4 unit property, live in one portion of the house, and rent out the other parts, creating a situation where you get to live for free!

Sound interesting?

Come and learn from experienced House Hacker and Investor Friendly Agent, Connor Anderson on how he has tackled two successful house hack properties and has helped 40+ clients purchase great house hack and investment deal.

Connor will walk you through what house hacking is, how to get pre-approved for a loan, how to identify good house hack deals, and what to do once you have closed your first deal!

Hi Kyler! House hacking in Grand Rapids area is a fantastic way to start investing, I have a few house hack clients in the area under contract right now. One thing to pay attention to when looking at houses are you must pick multi family that you can actually move into right away and not property that has tenants currently on long term leases. Common mistake I will see non investor friendly agents make when looking with a house hacker!

Congrats on your success so far Henry! The reason your lender is a little skittish is because you are required to stay in a property bought with an FHA loan for at least 1 year. So you still have some time before a lender would give you another owner occupied loan. Getting a HELOC can be a good way to use the equity in your home to then do more deals, but you may not have enough equity in your current home to pull much cash out. Lenders will still want to see roughly at least a 15-10% equity position in your home after you pull out that HELOC. Hard money is always an option but they also are looking for down payments of 25% to purchase a rental. Your best and easiest bet might be to as soon as you have met the 1 year requirement in your current house hack get another low down owner occupied loan to get another house hack! Feel free to reach out to me directly if you have any other additional questions!

Hi Kyle - My clients and I have been focusing on a few things and my 3 of my 4 pendings right now we got the homes for less than the list price. Biggest thing is not looking at the most popular homes on the market and focusing on deals that have sat a little bit of time. Usually we are the only ones bidding on them. Doing a few other things and have gotten some off market deals. Please reach out directly if you have other questions!

Sick of paying high rent? Want to buy a house but saving up 20% is impossible? Monthly mortgage payments are too high for you to tackle student loans?

Then House Hacking is for you. House Hacking is when you use a low down payment loan to buy a house, 2 unit, 3 unit, or 4 unit property, live in one portion of the house, and rent out the other parts, creating a situation where you get to live for free!

Sound interesting?

Come and learn from experienced House Hacker and Investor Friendly Agent, Connor Anderson on how he has tackled two successful house hack properties and has helped 40+ clients purchase great house hack and investment deal.

Connor will walk you through what house hacking is, how to get pre-approved for a loan, how to identify good house hack deals, and what to do once you have closed your first deal!

Sick of paying high rent? Want to buy a house but saving up 20% is impossible? Monthly mortgage payments are too high for you to tackle student loans?

Then House Hacking is for you. House Hacking is when you use a low down payment loan to buy a house, 2 unit, 3 unit, or 4 unit property, live in one portion of the house, and rent out the other parts, creating a situation where you get to live for free!

Sound interesting?

Well I am challenging you to buy you first House Hack in the first 90 days of 2022!

Come and learn from experienced House Hacker and Investor Friendly Agent, Connor Anderson on how he has tackled two successful house hack properties and has helped 40+ clients purchase great house hack and investment deal.

Connor will walk you through what house hacking is, how to get pre-approved for a loan, how to identify good house hack deals, and what to do once you have closed your first deal!

Sick of paying high rent? Want to buy a house but saving up 20% is impossible? Monthly mortgage payments are too high for you to tackle student loans?

Then House Hacking is for you. House Hacking is when you use a low down payment loan to buy a house, 2 unit, 3 unit, or 4 unit property, live in one portion of the house, and rent out the other parts, creating a situation where you get to live for free!

Sound interesting?

Then come and learn from experienced House Hacker and Investor Friendly Agent, Connor Anderson on how he has tackled two successful house hack properties and has helped 40+ clients buy great investment deals as well.

Connor will walk you through what house hacking is, how to get pre-approved for a loan, how to identify good house hack deals, and what to do once you have closed your first deal!

@Laura John Niles/Howard township are farther south than what I work as an agent so I do not know what the STR restrictions are there. I do know there are a number of lakes in between Kalamazoo and Grand Rapids along 131 that allow for STRs if you are interested in something more north.

Sick of paying high rent? Want to buy a house but saving up 20% is impossible? Monthly mortgage payments are too high for you to tackle student loans?

Then House Hacking is for you. House Hacking is when you use a low down payment loan to buy a house, 2 unit, 3 unit, or 4 unit property, live in one portion of the house, and rent out the other parts, creating a situation where you get to live for free!

Sound interesting?

Then come and learn from experienced House Hacker and Investor Friendly Agent, Connor Anderson on how he has tackled two successful house hack properties and has helped his clients buy great investment deals as well.

Connor will walk you through what house hacking is, how to get pre-approved for a loan, how to identify good house hack deals, and what to do once you have closed your first deal!