Author name: ryan

Yesterday we received amazing news around 2-4 unit financing for house hackers! This change will take place on November 18th 2023 and allow for clients buying a 2-4 unit owner-occupied property to only put 5% down. Main take aways: 5% down on 2-4 units No income limits No self-sufficiency test Primary residence required No first […]

When it comes to House Hacking and real estate investing, many people find themselves entangled in a web of misconceptions and contradictory advice. The alluring prospect of timing the market and concerns about high-interest rates can leave aspiring investors on the sidelines; often the worst place they can be with their investments. These worries or

If you have owned your home since 2020 there is a great chance your home has appreciated enough in value to get your monthly PMI  payment removed. This will easily save you 2-5k/year. Getting rid of Private Mortgage Insurance (PMI) can be a financial game-changer for many homeowners. PMI is insurance that lenders require from

“Should I just wait until interest rates are lower?” I get this question all the time with my house hacker clients in Colorado Springs. Waiting is a common mistake. Waiting for rates to come down is a foolish game. It’s often used as an excuse to stay in one’s comfort zone. Here are some helpful

Concessions are a great way to make buying a home less expensive. There are a couple of ways you can use concessions and a couple of ways to get the seller to offer them. Here is an overview of concessions. If you are able to negotiate concessions for the purchase of your house hack, here

  When it comes to managing tenants, the dynamics can sometimes be complex, especially when you’re living with friends. In Colorado Springs, I have house hacked several homes with over 20 different tenants/friends. Navigating house rules, rent payments, and other responsibilities while maintaining a friendship requires a delicate balance. Below are some effective strategies for

CHFA Down Payment Assistance: What You Need to Know For many Coloradans, buying a home may seem out of reach due to the high costs associated with a down payment. Fortunately, the Colorado Housing and Finance Authority (CHFA) offers down payment assistance programs to help first-time homebuyers achieve their dream of homeownership. CHFA believes in

One of the major considerations when buying a home is the down payment. A down payment is the amount of money you pay upfront when purchasing a home. It is a percentage of the home’s sale price, and the rest of the payment is usually financed through a mortgage loan. There are different options for