All Forum Posts by: Miller McSwain

Check out https://www.truepeoplesearch.com/ .

You can enter an address and get back results like property owner address and phone number. It isn't a complete database, but I find that it works often. Also, it's free!

You should also check out https://opencorporates.com/ . If you search for companies, it returns information like company owner, address, etc. 

I'm sure it doesn't have all information, but it might prove to be a useful resource.

Hey Zach. I'm a student at the University of Tennessee and am also looking to house hack! I don't look at multis often because they are typically out of my price range, but I'll let you know if I find anything interesting.
As far as networking, @Derek Tellier (https://www.biggerpockets.com/...) hosts a meetup for the Knoxville area every month. I'd recommend attending that.

Have a good one!

Did you find a solution when faced with this issue? Did you find a portfolio lender or pass up the deal that you found?

I've read that after 60 days lenders will overlook "gift-money" and allow you to use it. I don't want to have my money tied up for 60 days in his account doing nothing, so perhaps finding a good portfolio lender is the best way to go.

Thanks for your response @Alex Kamunyo.

Great advice. Thank you for your reply. We do have income, but possibly not enough to have low DTI. I suppose we will talk to a few banks and see what they think. @Carl C.

We have both talked about it, but since we have enough money for a conventional down payment, we figured that would be the best way to go. However, neither of us has enough money on our own, so we need to split the downpayment between us, and I'm just not sure what the best way to go about doing that is. @Jean Roger

Thanks for your reply!

My friend and I are interested in investing in real estate while in college. We have recently found what we think is a great deal. If we decide to purchase this property, we plan on getting a conventional loan and splitting the downpayment. 

I've thought of two ways to do this:

1. I can give my friend part of the downpayment and he can secure the loan.

2. We can both be put on the loan and each contribute to the downpayment.

I'm unsure whether option 1 would work because my contribution could be considered "gift money." Is option 2 common practice for splitting a conventional loan or is there a better method that I did not think of?

Thanks in advance for your replies.

I love the advice about working for a student housing investor specifically! I just added that to my REI Preparation checklist.

 Thanks for your reply! I imagine it must be tough to maintain low spending habits after graduation, but I'm ready for the challenge!

I've heard a lot about "Four Hour Work Week," so I'll be sure to check that one out.

 Great tip! I've been talking with my significant other and just introduced her to the "Money Podcast". She seems to be on board with investing in our future, so hopefully all continues to go well.