All Forum Posts by: Ronalyn Recaido

Welcome @Ronalyn Recaido!

I have a friend who just moved down to San Diego (Imperial beach) looking to do the same thing :)

My recommendation is @Grant Schroeder, he helped with a client of mine down there and is currently helping my friend find a house hack as well. Grant is an investor as well and got started with house hacking himself, he knows what numbers you are running and has an outstanding support team. Every transaction I've done with him has been smooth and fast and Grant is very good at explaining and teaching while working very efficiently. Lending fails when they don't respond to questions, are late to get files sent, and do not know how to advocate for you with underwriting, etc.

Hope that helps! Best of luck to you and let us know if you close on your first house hack!

@Ronalyn Recaido if you buy a multifamily, you can use 75% of exisiting rents to your income for your DTI but if you are planning on buying a primary and renting the rooms, no lender will include those rents toward your income.

Since you are a few years out, look up naca.com. May be a good fit. I used this company to buy my triplex. 

@Ronalyn Recaido - Why do you need the house hacking income to qualify for a loan?  Did a lender review your profile already?

Some people mentioned it, but in order to use a house hack for qualifying income you either need to buy a 2-4 unit property, or a single family/townhome can work if you have a history of border income.  If you do not have a history or border income (house hacking) income on your tax returns, than your options are limited.  2-4 unit homes are a great idea.

Did you try to get pre approved and a lender said you do not have enough income

Hi Ronalyn,

I am a local mortgage broker in San Diego, I work with a TON of house HACK buyers and can walk you through the process.  I would love to help you out and walk you through the process.  Let me know a good time to chat! :)