All Forum Posts by: Nathan Mckenna

@Bradley Dosch

Well I’m worried about the appraisal coming back with only one comp and my lender saying that they can’t proceed

I put in an offer on this duplex to house hack and I’m going to be using an fha loan….they counter offered and I want to accept, but as far as we know there is only one comp. i talked to my lender and asked him about this and he said this could definitely be a problem. I don’t want to lose by due diligence money and pay for an appraisal just to have the financing fall through. If possible I would love some advice, whether it’s a solution to this problem or y’all just telling me to move on.

Thanks..

Should I house hack at 19? About a year ago I planned on going to college for football and I ended up getting hurt and had to have surgery on my knee. It was my senior year and I had no offers. So therefore I would have to pay for my college. After my surgery I had to stay in bed because I couldn’t walk so I had a lot of time to myself to think and I came to the conclusion that I didn’t want to be in student loan debt. I didn’t know what I wanted to go to college for all I knew was that I wanted to be successful and I wanted to be able to provide for my future family. During that time I came across the book rich dad poor dad and it changed my perspective. I ended up getting really interested in real estate and business. So I ultimately chose to go to school for business, but I study real estate in my free time. I am currently working at a plumbing company and pursuing my goal to start my own plumbing business one day. I have almost 15,000 saved up and I will be moving out of my parents house in about 4 months when I turn 19. Should I take the money and house hack or is there something else that I could do that would be more beneficial ?

@Phillip Bradrick

Thank you for the in-depth response much appreciated!

Are there any good property managers in Raleigh North Carolina