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All Forum Posts by: Neal Ichinohe

Neal Ichinohe has started 1 posts and replied 2 times.

Post: House Hacking - What City to Start?

Neal IchinohePosted
  • Posts 2
  • Votes 1

Thanks everyone! I wasn't expecting this much support. 

To answer some your follow up questions, we aren't getting approved for the amount we are seeking. Which has been around $500,000. 

Part of the problem is that even with 3.5% down along with closing costs, at that amount, is above our current savings. 

thanks!

Post: House Hacking - What City to Start?

Neal IchinohePosted
  • Posts 2
  • Votes 1

Hi BP! 

First time posting here. My wife and I are wanting to start our real-estate investment journey with a house hack. We are located in Denver, CO. Housing prices here are getting ridiculous and we are having trouble getting approved for an FHA loan. We are willing to relocate out of state. But we aren't sure what cities have good rental rates and that have reasonable housing prices.

Thanks!

Neal & Alex