All Forum Posts by: Kate Nixon Taylor

Hi Stephen,

Underwrite the deal as if you weren't living there. If you move out, is it cash flowing? You don't want to get stuck living there and not be able to afford to move out. The goal of house hacking is to get higher leverage on an asset than you would if it was structured as an investment property. What makes it an asset is that it can generate income. It doesn't mean that it has to when you are living in it, but it should be able to do that when you are ready to move on. You have to pay to live somewhere, so its not a big deal if you have to spend something to live there when you are house hacking.

Cheers! Kate

@Brittani Shumway can help!

I would say it depends on your income and priorities. If you are able to cover expenses that come up with your income and are a more aggressive/risky investor, then you might be ready. If your budget doesn't allow for that, I think its a little tight. You don't want to put yourself in a place where you are going into debt for an emergency or something. I would keep more in reserves than 5k per property, and if your income doesn't make up for that, I would wait.

Hi Ethan, 

I am with The One Brokerage and am happy to run numbers for you on the refinance side of things if you ever need. David Greene and Christian Bachelder created our brokerage, and we have access to hundreds of lenders for all kinds of real estate deals. I can do conventional/FHA loans too, if you decide to house hack or get your own place. I will message you the quick numbers I ran for a DSCR cash out on this scenario. It would be great to connect and you can reach out anytime.

Cheers! Kate

Hi Kalera, 

Come to some TREIA meetings and connect with investors in person! I have built a huge network with TREIA and highly recommend coming out to some events. There's also NCREIA meetings in the Triangle that I have heard great things about. A lot of the same people go to both.

I'd love to connect and am happy to answer any questions about lending as they come up. 

Cheers, Kate

Hi Chris,

Based on your experience, fix-and-flip is a great strategy especially to build up some cash. Another option to look at is new construction. I am hearing investors at my local REIA talking about small scale development as the place they are finding the best returns right now. Flips are competing with new builds and the cost to build can be a lot lower than the ARV depending on the area. Durham passed some zoning laws that allows by-right development and they reduced min lot sizes and set backs to allow for more development. It's amazing the returns some of my friends are making with that method.

When it comes to flipping and development, its important to have a good relationship with a lender. I am with The One Brokerage and have access to hundreds of lenders. I can help with nearly any kind of property - residential, commercial, ground-up construction/development, hard money, conventional, FHA/VA/USDA, etc. Let's connect! I would be happy to answer any questions you have about the financing side of things. Cheers, Kate

Hi Jerry, I know some developers here in the Triangle of NC that are looking for 500k from a private investor and offering 30% returns. I would be happy to put you in touch. 

I am also with The One Brokerage and can talk over some financial strategy with you if you are interested in using leverage. Personally, I would be looking at multifamily if I was going to use that money for investing on my own deals.

Cheers, Kate

Hi Christina,

I have lenders that do Heloc's on investment properties. They close quickly and I would be happy to help! Let's connect. 

Cheers, Kate

Hi Beth, What is your current monthly payment and the monthly payment you are being quoted? I would be happy to take a look at your numbers and give you more detailed feedback. Let's connect!

Cheers, Kate

Hi Marcus, 

I'd be happy to nerd out about DSCR loans with you and answer any questions you have. I am with The One Brokerage and this is what we do! Lets connect!

Cheers, Kate