All Forum Posts by: Elie Merisier

Hi, I hope you’re well.

I am currently 22 years old and recently graduated with my bachelor’s in accounting. I am currently taking the course to become a licensed real estate agent. I currently work a W2 Internship and I’m deciding between going back to get my masters in accounting for job security, or pursuing a career in the real estate industry to learn more about  real estate  which could help me in my goal of becoming a real estate investor.

I want to get some advice or perspective on what options is best?

Hi, 
Im am interested in a real estate meetup to network and meet like minded investors. Is this meetup monthly and will be available this month of April or May?

Does anyone have any recommendations of mortgage lenders that work well with first time home buyers, preferably in the south Florida region?

Hi, I hope you’re well.

I am looking to house hack a condo.

Does anyone have any tips for

Exit strategies, for example: How to sell the property later on for a price higher than I bought it for?

Thank you for the replies. It really helps! 

Hi, I hope you're doing well.

I am planning on purchasing a single-unit property either a Condo, Single Family or Townhouse as an Investment Property. 

Questions:

1. I wanted to know when it comes to financing with a bank, If I have want to purchase a Multifamily as my next property as a primary residence to house hack, will the bank give me any difficulties because of the transition from one property type to another?

2. And if so, what are some available options in terms of more flexible financing terms to transition from a Single unit to a Multi-unit or Multifamily property?

Thank you,

Hi, I hope you’re doing well!

What are some ways to purchase a property with built in equity, paying less than its worth.

For example, let’s say you get a loan for $200,000. When the property get appraised, from my understanding a lender do not want to lend more than the property is worth. If you want to have 10% built in equity in the property right when you purchase it, how do you go about it and what is the math?

Is this the proper formula ( Purchase Price/ Appraised Value) to calculate it?

 Thank you Jon!

Per 2023 guidelines, can I use rental income to qualify for a conventional loan?