All Forum Posts by: Connor Anderson

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!

Congrats on taking the next step of networking. I host a monthly House Hack Meet Up, you can find it at MeetUp . com if you search West Michigan House Hacking. Also, I am available directly if you have questions or are looking for advice on House Hacking in GR. Most of my clients are investors and many are House Hackers.

@Sherrie Berry Please let me know how I can help you! I mostly work with first-time investors in Grand Rapids. Would love to help get you educated and ready to roll!

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 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 how to get pre-approved for a loan, how to identify good house hack deals, how to close one a house hack, and then what to do after you have closed your first deal!

What are your goals and price point? There are lots of great markets but some are better suited for cash flow, others appreciation, some a mix of both. All of them have different price points.

Welcome Bryan! I think you have some great numbers here! 

Right now it is hard to predict rent increases since there are a number of factors that go into what rent rates are including supply and demand of housing, interest rates for mortgages (low interest rates turn renters into buyers), inflation, and prices of homes sold.

I know the BP calc has a box for implementing rent increase but I usually leave that as 0% and only plan on what current market rents are and count on any increase being the icing on the cake.

Tax rates are also more complicated than just a % of the sales price but a great lender can help you estimate the exact tax amount of a property you are going to be buying. I have a great lender.

A few other things I would be happy to discuss with you though.

Let me know how I can help!

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!

Some less hot markets that offer great cash flow are Muskegon, Lansing, and Battle Creek. Would look into those, I have clients that are investing in all of those areas.

Hi Bill! .

A few markets I recommend are Grand Rapids, Kalamazoo, Lansing, and Muskegon.

Grand Rapids is rapidly growing but still offers some cash flow and a good chance of appreciation.

Kalamazoo has a good price point and offers cash flow, plus is a growing market because of a number of large employers in the area that are continuing to grow (Stryker, Pfizer, and a number of other manufacturers).

Lansing has a good price point too and offers a lot of cash flow but does not see much growth.

Muskegon has the most affordable prices and the best cash flow, plus the city is doing lots of work to improve the area and the home prices, it is a market I am bullish on over the next 5 years.

Hi Alex! Welcome to BiggerPockets and the investing game! GR is a great place to invest, my advice is don't just rely on yourself for education, rely on people with more experience to help you through the education process! I invest in GR and most of my clients are investors. Would love to help you out!