All Forum Posts by: Kent Okamura
Kent Okamura has started 2 posts and replied 2 times.
Hello Bigger Pockets Community
I have a question regarding Hotel Room Investing. I understand certain hotels allow investors to buy a hotel room and lease it back to the hotel which will then book guests for you (ie. short term rentals). This is typically how hotel rooms generate cashflow for the owners. My question is can you leverage the equity in hotel room investments with home equity loans etc? Also, do hotel rooms come with the same tax benefits as other property types such as single-family homes (ie. depreciation)? Thank you
Kent
Hi everyone.
I have a question about house hacking. I am new to real estate investing so I apologize if this question is a little strange. I am thinking of house hacking and through my research, I've decided that going for an FHA loan with a lower down payment might be the best option. I am aware that this is an owner-occupied loan so I must live in my dwelling unit for at least the 1st year. But is it a requirement for me to physically reside in my dwelling unit? Or am I simply not allowed to rent my personal unit for the 1st year? I can live with my parents so I want to turn this property into a full rental unit after the 1st year. Any advice would be greatly appreciated.
Thank you