All Forum Posts by: Nathan Grabau

If we are still in a buyers market come July, which I personally think we won't be, I would go for the house hack for sure. 

Even if the market is balanced/ moving towards a sellers market, the house hack probably makes sense. While you probably break even or pay a little bit of your mortgage with a house hack, if you factor even 4.5% appreciation, you are well ahead with the house hack. 

I would be concerned about buying in PHX today, unless you could get a really good deal. I do think that the excess will be washed out by July and that market will be stabilized or at least a be little clearer. Is it possible for you to move to PHX, house hack, but frequently stay at your uncles place, allowing you to have more roommate in your PHX home, eventually renting out your room after you feel as though you have completed what you feel is necessary to say that your intention when you closed was that it would be your primary residence? 

What I would do is get Chase Ink Cards. You can get 1 sign up bonus a month and open 2 for each LLC. This is a 90,000 point sign up, worth $900 if you spend 6k in 90 days, plus the 9,000 points you get at 1.5 points per dollar. Lets say you do that 4 times a year, it is about 400k points. Now the trick with chase cards is to open a sapphire card(either work) and use them to transfer to Hyatt, or an international airline. When you do this, you can get 2.5-5 cents per point of value. At 3 cents per point, spending 24k a year, getting 4 sign up bonuses, you get 400k points per year, which is worth $12,000 in travel. That is a pretty good pick up.

Also bonus points, if you have a spouse that is not sure about RE/ rehabs, your spending paying for vacations always helps. 

They also are 0% for 12 months right now, with the min payment being 1% of the balance.  

I would check out "thumbtask" and "taskrabbit" too! 

That makes sense. I agree that if you are under 3, you should not refi that. I would reach out to Tower FCU. They have really aggressive heloc offers still. 

This is 100% doable! You could even buy a 2-4 unit property with a 3.5% down FHA loan, and rent out the other units! If you need help finding a RE agent in Lincoln let me know and I can help get you connected to someone!

I would start calling developers and seeing if they have any interest in doing a deal with you. You could potentially subdivide and the sell lots or houses on the lots. With the land situation, I would google "glamping airbnb" and see if that is something that interests you. You could set up 5 glamping sites for well under 300k and have lots of airbnb activity. 

At this point of having an accepted offer, doing a "sub to" deal, which means you buy the property subject to the existing mortgage, is no longer in the sellers interest. Generally speaking the advantage to a seller is they can get a higher price. That being said, the mortgage(unless its assumable) stays in their name, and they are relying on you making payments on it. If you search for sub to/ sub2/ subject to/ sub 2 in the threads, you should find lots more discussions on this subject. 

Rents for medium term rentals usually range from 1.5 times to 2 times the normal rent for a place. I would go on furnishedfinder.com which will allow you to look at MTR's in your area, see what they rent for, and see how many are "available now" vs at some point in the future. This will give you a great starting point in determining rent for your underwriting! 

Quest CPA is who I use, they are based out of Highlands Ranch. I highly recommend them!