All Forum Posts by: Laura A Walters

Thanks for the perspectives!  I don't really mind if the turnkey manages the property even while I live in it - would give me a good idea of their service level.  But not sure that is appropriate for owner occupied properties.  To clarify, I need to owner occupy the property under a VA loan to get into the investing realm.  But I like the quality of the turnkey company's property rehabs and management protocol.  Nonetheless, I can always just buy the first property outside on my own, and then I should have the money for properties 2 and beyond to purchase them from the turnkey if I choose. 

Found out that a quality midwest turnkey company cannot sell to you if you are house hacking (living in the property for the first year).  Does anyone know if this is true of all turnkey companies?  Kind of a bummer, and I would definitely want to turn it over to them to handle property management after year one (as well as purchase additional investment properties from them after that first). 

So in an expensive market (Seattle), David suggested house hacking.  I've never done that and am a single income buyer.  My question is, when I look at multi-family properties, they are priced above what I qualify for in a single family home.  Does the bank or lender consider on a multi-family (duplex, etc) that you will be renting part of the property to help cover the loan payment?

Thanks!  And sorry if this has been covered before. Still combing through all the forum posts!