All Forum Posts by: Nicolas Pretelt

Hi all,

recently move to a new house hack. Duplex was completely remodeled but one of the walls started to have some "moisture patches"

It is only a portion of 1 wall and only in the downstairs unit. Upstairs unit does not have it.

There was tuck pointing done recently but there are some small holes that we are thinking of covering.

any suggestions on what it could be and how to fix it?

Thanks

HI Kai,
Thanks a lot for the reply.  Regarding the quick claim deed would this be an option for a business partner that lives out of state?

Thanks!


 

Hi BP,

I am in the process of buying a owner occupied property with a FHA loan.

After closing is it possible to add another person to the title? My biggest concern is obviously not breaking any laws or losing the FHA privileges.

I am thinking I can either: 1) Add their name to the title or 2) Create an LLC to take over the ownership of the property?

Thanks!

Appreciate the reply Trenton & Scott!

My first option in that case will be to have the business partner co-sign as a non occupying co-borrower. 

I am going to start contacting lenders. Thanks!

BP!

I am looking to buy a multifamily through a first time home buyer program like FHA or NACA.

Currently, I have great credit 730+, and the down payment ready but my only issue is my debt to income is a bit high.

A business partner from out of town is willing to partner up to buy the multi family. 

Any ideas on how I can structure the house hack in order to overcome my hurtle of my current debt to income and involve my business partner? 

Thanks!