Live Q&A: Should I sell my house to start my house hacking journey

Rants & Gems Real Estate Podcast

EYL Network

Business, Investing

4.9 • 1.3K Ratings

🗓️ 5 November 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should I sell my house to start my house hacking journey?

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Transcript

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0:00.0	I wanted to come on here because I'm a little curious
0:04.4	about 401K loans for investment properties.
0:08.4	But I want to make sure that I have my ducks in a row.
0:10.6	I currently own my own single home or single family home.
0:16.5	But I really want to buy a four-plex.
0:20.2	So in your experience with your knowledge
0:23.5	and thank you for all that you do, what needs to be true?
0:28.2	What thing should I have in order before I buy
0:31.0	an investment property?
0:33.2	What do you have right now?
0:34.4	How was your savings?
0:36.0	How's your credit?
0:38.0	So my credit is good, and that's another thing.
0:40.3	So, and I didn't hear this from a lender
0:42.8	because I have a 720, it's a little bit over a 720,
0:46.0	but it's a 720, and I've been waiting till it's a 740
0:50.5	because I just feel like I want the best rate possible
0:54.2	and I feel like I need a 740.
0:56.3	Can you speak to that?
0:58.0	No, you don't need to wait.
0:59.9	Okay.
1:00.8	There's no reason.
	...

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