All Forum Posts by: Nic Hill

Morning @Perry Gibson 

there is allot of mixed information when searching for these options. I was hoping maybe there was someone out there that has had any personal experience in this topic. I spoke to a local realtor who's niece is autistic, and was told that she was able to apply for a non repayable housing grant so she can get the 3% down on a FHA. Please let me know your thoughts and thank you for responding

Hello! 

My wife and I have been looking into options into buying a house for one of our two, sons that have autism. He will be 18 soon and would like to start getting pieces into motion and explore our options. Any recommendations on a lender who has experience in these special loan programs and grants? 

Good Morning Elise, 

My Father is a Vet as this will be a primary residence. I will be renting out my home and they will be renting out theirs.  My thought was to have them on the loan initially. But ideally would like it to be my wife and I. 

Hello all! its been a while since i have posted. Im reaching out to the BP community because my wife and i are entertaining the idea of buying a second home, possibly with some property to accommodate my elderly parents. Huge responsibility but that's beside the point. 

My mom and dad have owned a home for 30 yrs now (my childhood home) and want to rent it out. which is good. They only owe 8K on the mortgage until its paid off in full. They are fearful of taking out equity to help purchase another property for whatever reason. Ive explained this is a common strategy used by many people and they are going to be renting it out anyway. Is there anyway to buy this second home with no money down? such a barrowing equity on current residence and doing a stand alone loan? Just trying to be creative to help build them some income for a little more freedom and better explain how to do this properly. 

Hey guys, I'm going to rent out my 2 story house after the holidays. Downstairs to a small family and upstairs to a single mother/father. Both will have separate entrances and separate yard space. Would it be wise to add a separate meter to the upstairs unit? Does anyone know the California laws regarding this? Would I have to do this? Or build the estimated utilities into the rent? It's not technically a ADU since it's attached to the house.

@Patti Robertson would you have any suggestions to which market? 

@Aaron K. that’s definitely true. Would like to start my first few deals in my backyard, wherever that may be. I Would be interested in partnering with someone also, and explore multiple markets. 

@Aaron K. not to sure we’re i would want to invest. Have been looking into the Virginia market here and there because my wife was talking about transferring to her main office if she get the promotion. 

@Aaron K. thanks for the response. I live near a community college. About a mile down the road. I was hoping to find a reasonable young adult for the master suit with no kitchen, I could possibly add a small kitchenette with very basic set up I suppose to make it more appealing. The master suit upstairs in conveniently located on top of the garage, opposite side of the rest of the house. Bought the house for 345 and just appraised at 410. 

hope your all having a good week. I was wondering if I could pick some brain about the best strategy to go about on my current personal home, that was bought as a investment.

1) rent out my house- has two sets of washer and dryer hook ups near the kitchen and in the garage and two master suits. One shared meeter, two doors already in place to separate two different tenets, both have private entrances. Current mortgage is 2k. Can rent master suit for 800 and downstairs 3 bed two bath for 1800. 

2) offer seller financing (I still own on the property)

3) sell outright (house just appraised for 70k more then we bought it for And Invest in out of state market

Any other suggestions I would love to hear about.