Buying a House Hack is the most important step to saving money and making money from your future primary residence. This stage is where all the planning takes place to set yourself up for the future.
There are plenty of homes that fit your house hacking in northern New Jersey criteria and budget. It all comes down to being realistic about your goals and narrowing down the specific town you would want to live in. As always your numbers are most important for the short and…
Edward and Robert are two brothers that were very conservative when it comes to expenditures and were ready to take the leap to buy their first home together, which started off daydreaming at houses. They kept hearing about house hacking from YouTube videos from Graham Stephan and from Bigger Pockets.…
There are some rules of thumb to go by that can substantially make your home owner occupied investment worth it. Some of the best practices of the investment are that the town is going up in value, houses are bought quickly/rented, the property you are buying has more to be…
Keep your eagle eye open to the unseeable! You do not want to inherit another person's problems making the purchase your mistake. Save yourself the long-term headache and problems by doing your own due diligence when during the initial walk-through and look carefully at the house with an inspector while…
One of the most important things you need when selecting a realtor regardless of your real estate goals is transparency. The agent must be transparent, honest, and have the ability to be upfront with you about your best interests, even if they strongly disagree. A realtor should tell you what…
When buying a residential multifamily house to live in there are obviously a couple of different choices (duplexes, triplexes, and fourplexes). They all have different factors that might make one more beneficial than the other. As an example: cash flow, financing, live in benefits, more demand for a duplex for…
Philadelphia is a high-priced market and hard to cash flow especially when house hacking a property. It is still very doable to house hack in Philadelphia by buying below market multi-unit house and getting creative with the method of house hacking by using different passive income rental streams (Airbnb room…
For most House Hacking consists of getting an FHA loan so you can put a low down payment (usually 3-5% can be possible with FHA) down on a residential multifamily property (2-4 unit), live in one unit, and rent out the other 1-3 units. Resulting in the other units to…
People say investing in expensive cities cannot be done and especially house hacking. By saving money, making more money, and living below your means with a low down payment it is not out of the question that high cost of living areas are possible to invest in. The specific strategy…
In order to find deals or to work with a realtor or do your own outreach, you need to know what you want to obtain. This helps for your realtor to send you houses you want to actually go see and the more people you know what you are looking…