All Forum Posts by: Tim Corey

Hey Carter! I'm located in Rochester and have done 2 house hacks, the most recent one was purchased this past October. What neighborhoods are you looking in? When you are running your numbers, are you accounting for the money you'll save not having to pay for rent?

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Hi Wei. We have an owner occupant duplex in the south wedge that's been student occupied since shortly after I bought it. Still a newbie but happy to answer any questions you might have.

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Rochester, Minnesota

Originally posted by @Eric Baker:

@Colton Hart I've been looking into getting lines of credit for instances like these. Your ARV I'm sure will be much higher once renovated so you can just apply for a conventional mortgage after the fact. And the good thing about lines of credit is you can do interest only payments similar to a construction loan or break the payments however you see fit.

Interested in this as well. How do you think a conventional mortgage bank would assess the ARV for an Airbnb/Glamping property? I'm specifically curios about glamping type tents. Are they technically "part" of the property?

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Upstate New York, New York

Hi Colton, I've been looking into doing something similar and had this same question! The hipcamp app looks like another promising place to list camp sites like this.

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Upstate New York, New York

All Forum Posts by: Tim Corey

Tim Corey has started 1 posts and replied 14 times.

Post: House Hacking in an Expensive Market?

Post: Neighborhood recommendations in Rochester,NY for house hacking

Post: How to get a loan less than $50k

Post: How to get a loan less than $50k