All Forum Posts by: Ryan Cunningham

thanks!

Is there public records somewhere that shows how much people are paying to rent single family homes in my area?

If not, whats the best way to figure out what houses rent for in my area? should i just look at craigslist?

I live in Long island New york and i plan on house hacking my first home. The area im looking at has homes in the $300,000 range

I used an FHA Loan calculator and the PMI comes out to $288 a month

That seems a little ridiculous, should i keep saving until i have enough money for a 20% down payment? That could take me another 3 years though :(

Thanks!!

If the home is intact just move on, if there are repairs to be made then i would consider going after them

I am looking to move out and get my first property in the next few months.

I have listened to a bunch of the podcasts and i am halfway though the Beginners guide to real estate investing.

My Goal is to House Hack my first property. I want to rent out the house while i live in the basement.

Here are some questions I have:

1.) Is a FHA loan or a 5% conventional loan better?

2.) How much money should i have saved in the bank for closing costs/unexpected repairs?

3.) I see their is some home buyer assistance for people who live in NY such as the Down Payment Assistance program and The conventional Plus program (they help with 3% of the down payment)

How do i know if i qualify for these programs? I read the guidelines but they are vague

Thanks in advance for any and all assistance!