All Forum Posts by: Patrick Q.

Hi guys,

Are you guys meeting anywhere these days?

If you guys are still interested in a meetup at New Park Tavern let me know.

They have an open area that would be good for 'COVID times'.

Thanks guys,

Will look into those areas.

If anybody has and specific neighborhoods that I could do some research into I would appreciate it.

Hello guys,

I am considering a move to the Boise Idaho area with my family (my wife is from there) or to have a property there that we could stay in when we visit.

I am trying to learn about what areas within 1 hour of downtown Boise would work well for a 2-4 family house hack.

Looking to be in an A or B area with fairly decent schools.

Hoping somebody can point me in the right direction on neighborhoods that would work, to save me some time getting my search started.

Any help/advice you guys could send my way would be greatly appreciated.

Hello All,

I am currently living in a house hack and intend to refinance it next year to remove the PMI/lower the monthly mortgage costs and ultimately increase the cashflow (if I have the equity I need at that point or can establish it).

I am wondering how the financing of the house hack would look if I did not live in it after the refinance.

Question:

How does not living in the house hack affect the rates and terms of the property if it is nolonger an owner occupied property?

I would be living in the property until the refinance is complete and for a short spell aftwards.

Notes:

looking for information such as the following; are the rates still favorable similar to an owner occupied property, Is the required equity in the property more than 20%, would I have to use a commercial loan.

The ultimate goal is to have tenants occupy it and let time do its thing with regards to pay down, increasing cash flow and appreciation.

Hi,

If you are planning on holding the property long term.

I would bring in a professional engineer or company that specializes in this sort of stuff and have them do a survey, report and written instructions as to exactly what should be done to permanently rememdy the issue.

This is a big problem in JC so I am sure that there are people out there that are well versed in this sort of stuff and what the best solutions are.

Perhaps reach out to local insurance companies to see who they have paid out to in the past to repair these sorts of issues or write reports on the findings.

Problems like this have a habit of coming back again and again along with the cost to fix it.

So it might be worth shelling out the money to get it done the best way possible so that you can.

@Theresa Harris

Hi Theresa,

Hope all is well.

That's the plan I have currently and it is working well.

Trying to figure out how to save time and interest costs as I pay the debt down.

Hoping to pick up a tip on here that will allow me to get it done more efficiently if possible.

Hi,

I had Americanway HVAC and plumbing change out my AC equipment and also change one of the water heaters.

They were pretty good and not outlandishly priced.

Hello all,

Reaching out to see if anybody has any hacks for getting credit card debt paid down/off, sooner/cheaper.

The debt was planned/strategic to get me into my first houshack (and has worked).

I have a plan to pay it off fairly expeditiously.

The current plan is to use the debt avalanche method.

I am thinking that some sort of personal loan could help reduce the interest rate on the debt and provided there are no prepayment penalties on it it will allow me to get the debt paid off quicker with less interest costs.

Does anybody have any suggestions as to how one would go about getting the best rate and terms for a personal loan such as the one I mentioned above?

Ultimately I am looking to throw everything I have at this to get the debt gone so that I can move on to other financial plans.

I would love to hear about any other advice or tips that you guys may have.

I would appreciate it if this post is not used for pitching services to me.

Regards,

P. Quaid.

Hi All,

I am reaching out for resources that somebody might know of to find somebody (perhaps a consultant) that could help taylor a strategy to stabilize financially a duplex house hack that I have purchased which includes some personal financial challenges also.

Any help finding somebody would be greatly appreciated.