All Forum Posts by: Jacob Walls

@Sue K.

Hi Sue, thank you for your reply.

The duplex is still my primary residence on paper yes. I haven't quite had it for a year yet but I do believe you are correct from my understanding is that FHA loan has to be a primary residence for a year at least. But I'm not a lawyer. 🤷🏻‍♂️ lol

Hello all, I am hoping I am posting this in the right area.

I own a duplex that I purchased with an FHA loan this is my first purchase. Due to some family issues of recent I will be away from my side of the unit off and on for the next few months. Can I lost my unit on air BnB to try and rent it out while I am not living in it?

I appreciate and input on this topic.

Thank you!

Jake

Hello,

What are some best practices to find local real estate meetups. I’m looking to network and meet likeminded people in my area. I’m in central Florida area in Brevard county. I look forward to seeing your responses.

@Tchaka Owen Can I eventually refinance the loan to get out of FHA loan?

Also, nice to see a fellow Brevardian here.

Hello BP,

I recently closed on my first deal. It's a duplex in a middle class neighborhood that I am house hacking. I used FHA loan to get into the property. I'm new and still learning the loan/financing side so maybe someone can help give some clarity. When I pay off 20% of my loan does my PMI go away? If so then I'll be cash flowing positive while house hacking. With my current situation I'm basically just subsidizing my cost of living.

Any input is greatly appreciated.

Thank you!

I would like to hear about your personal stories about borrowing against your 401k to get started in REI! Other than hard money I was thinking this could be my way to cash for for my first BRRRR. I would like to hear both good and bad from your experience and your pros/cons. I look forward to reading about your experiences!

@Ronald J. Cappuccio A lot of great replies. Thank you to everyone.

@Frank Patalano I am about to start house hacking. Closing the end of the month. This question is geared towards future investments because I plan to buy one property a year going forward so wanted to find out about LLC for future investments.

@Joe Splitrock @cody I appreciate the responses! Thank you

@Jason D. Haha, no problem. Yea, I’m looking into more buy and hold/renting properties.