All Forum Posts by: David Rodriguez

I currently own 2 pieces of land in Baytown, TX. 

They have just been sitting there for 8+ years. All I do is pay property taxes on them. I want to either cash out or construct on them. Not sure what is my best option. If the best option is to build, what should I build (single family, duplex) ???

Any advice would help. 

Property 1:
-Residential

-Land area = 14680 square feet
-market value = $29.360

Property 2: 

-Commercial

-Land area = 13000 square feet
-market value = $45,500

I can give more info if needed. Not sure what else is relevant. 

Thank you for your response. Very insightful, especially with the self-sufficiency standard information.

Thanks for the tips! How will anticipated rental income impact what I can qualify for? Does the rental income impact change depending on the amount of units or do the banks just care about total rental income? 

I will check out the Mortgage+ app

Thanks for the advice. I am in Texas

Very new to real estate and want to create actionable steps towards getting my first home. My goal is to house hack.

I want to figure out how much I can qualify for with an FHA pre-approval calculator. The calculators I have found do not seem to increase what I can afford as they do not consider house hacking rental income. Does anybody know a good tool for this?