Hellow guys, Welcome to my website, and you are watching The House Hacker's Guide | Expert Advice from an Old Pro. and this vIdeo is uploaded by Julee Felsman | Workshop Team | Guaranteed Rate at 2023-10-20T15:46:46-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | The House Hacker's Guide | Expert Advice from an Old Pro |
| Video Uploader | Video From Julee Felsman | Workshop Team | Guaranteed Rate |
| Upload Date | This Video Uploaded At 20-10-2023 18:46:46 |
| Video Discription | Have any questions or want to talk about your situation? Please reach out! Schedule a call: https://calendly.com/juleef/let-s-say-hi 📞Text or call 📞: 503-799-3711 To apply: https://rate.com/juleef Lending wherever you want to call “home” 🏠❤️ -- in all 50 states. In this video: 00:00 - Introduction: What is house hacking? 01:06 - My personal history with house hacking 03:46 - Benefits: Rental income 05:22 - Benefits: Tax write offs 06:20 - The rented portion of your property is a small business, tax-wise 07:10 - What is depreciation? 08:42 - Depreciation schedules 10:10 - Is it bad to show a profit? 10:39 - Passive losses and when can you write them off against your other income? 11:08 - Wanna see my Schedule E? 12:12 - Buying in partnership 12:52 - Non-occupying cosigners 14:23 - An example, from Portland, Oregon 15:34 - Cash flow for retirement 16:59 - Financing options for a multi-family house-hack 17:34 - Qualifying for owner-occupied loans 18:39 - Loans for doctors, dentists and veterinarians 19:11 - What if you’re not a veteran or a doctor? 20:22 - Fannie Mae’ huge rule change 20:41 - Why FHA is still relevant 21:32 - FHA loan limits 21:55 - FHA self-sufficiency test - a problem for triplex & four-plex 24:16 - Fannie Mae’s new rules solve these problems 24:48 - Occupancy fraud (don’t) 27:14 - Using rental income to qualify for your loan 30:08 - Rental income for loan qualifying? 30:49 - Here’s an example 34:07 - VA rules about using rental income to qualify 35:02 - Using rental income to qualify - a Fannie Mae “gotcha” 36:16 - What about appraisals? 37:51 - Why rent from appraisers is often low 38:14 - A scenario: Using rent to qualify 40:05 - Things to consider before house hacking: Privacy 41:04 - Things to consider before house hacking: Maintenance 41:34 - Things to consider before house hacking: Property management 44:00 - Things to consider before house hacking: Inventory 44:45 - Things to consider before house hacking: Occupancy 46:00 - Things to consider before house hacking: Competition 46:53 - Things to consider before house hacking: Due diligence 48:06 - Things to consider before house hacking: Renovation loans 51:45 - Things to consider before house hacking project: Income tax matters 53:17 - Tax deferral on sale via “1031 Exchange”t 53:44 - A CPA can help you keep good tax records! 54:15 - Extra loan costs for a duplex, triplex or four-plex 54:49 - Loan Level Pricing Adjustments Julee Felsman, SVP of Mortgage Lending NMLS 120831 Guaranteed Rate Inc NMLS 2611 Equal Housing Lender. www.nmlsconsumeraccess.org www.rate.com/licensing www.rate.com/privacy #HouseHack #FannieMae #5%DownMultiFamily Branch address: 1300 SE Stark St Ste 111, Portland, OR 97214 State Licenses: AK - AK120831, AL - 73482, AR - 117882, AZ - 1002329, CA - CA-DBO120831, CO - 100514850, CT - LO-120831, DC - MLO120831, DE - MLO - 120831, FL - LO66603, GA - 67474, HI - HI-120831, IA - 34589, ID - MLO-2080120831, IL - 031.0056868, IN - 42483, KS - LO.0039957, KY - MC713848, LA - Licensed, MA - MLO120831, MD - 120831, ME - Licensed, MI - 120831, MN - MN-MLO-120831, MO - MO-120831, MS - 120831, MT - 120831, NC - I-187748, ND - NDMLO120831, NE - Licensed, NH - Licensed, NJ - Licensed, NM - Licensed, NV - 65660, NY - Licensed, OH - MLO-OH.120831, OK - MLO21956, OR - Licensed, PA - 74700, RI - Licensed, SC - MLO - 120831, SD - MLO.09183, TN - 203658, TX - Licensed, UT - 12003187, VA - MLO-41738VA, VT - VT120831, WA - MLO-120831, WI - 120831, WV - LO-120831, WY - 8673 Information provided is for educational purposes only. It should not be construed as financial or legal advice or instruction. Guaranteed Rate does not guarantee or assume liability for the accuracy, completeness, or timelines of the information. You should conduct additional research before making any mortgage related decisions. By refinancing, you may pay more in costs and interest over the extended term. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. Guaranteed Rate has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Guaranteed Rate, Inc. cannot predict where rates will be in the future. biggerpockets, bigger pockets, mortgage broker, loan officer, househack |
| Category | Education |
| Tags | julee felsman | mortgage auntie | workshop team | mortgage broker | loan officer | real estate | mortgage | house hacking | house hacking in 2023 | house hack | buy a duplex and live in one side | buy a duplex and rent out half | how to buy your first house | down | what is house hacking | can i house hack | should I buy a house | house to start investing in real estate | biggerpockets | FHA | VA | house-hacking | househacking | househack | house-hack | triplex financing | fourplex financing | 4plex |
