The Financing step to House Hacking is a crucial part of ensuring profitability or savings. There are multiple financing strategies to take advantage of and no one size fits all.
The journey toward higher education is often intertwined with financial challenges, and innovative approaches are required to meet these demands. House flipping—the practice of buying, renovating, and selling properties for profit—emerges as a viable strategy to fund college dreams. This approach, however, demands careful planning, strategic decision-making, and a keen…
by Domenick Tiziano The following is an excerpt from Domenick’s latest book: The Accidental Rental, A complete guide to converting your home into a profitable rental property. It tells the story of how he went from an accidental landlord to house hacker and real estate investor. He continues to invest…
Investing in real estate using the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy can be a lucrative endeavor, but it requires careful planning and execution. In this article, Investing With a House Hack provides you with eight key tips to help you succeed in implementing the BRRRR strategy and maximize…
By downloading this eBook on house hacking you will learn different strategies to house hacking, how to finance your investment property, how to avoid a poor investment and much more! There are a lot of challenges along the way through the journey and being positive you are making the right…
House hacking in Boston is a great way for those to begin investing in real estate in a growing city. The house hacking concept, for those who are unfamiliar, is pretty straightforward: buy a home with at least two units, live in one unit, and then rent the others. The…
When looking at your property, what are the highest expenses each year fixed or not? Typically depending on the location, it will be your taxes (considering property taxes, capital gains taxes from selling, and income taxes from the rent income). Do you do your own taxes or do you outsource…
Looking to finance your first house hack? The good news is there are many options out there for house hacking. Some of the popular loan programs we will talk about for house hacking (owner-occupied rental investing) are FHA Loans, Conventional Loans, VA Loans, Soft Second Loans, and Alternative Loan Products.…
The accounting definition of an asset that any CPA or finance college professor would mention is that it would have to have a future economic benefit. In simple terms if you make money on something you live in, most people would call it an asset. Single-Family Investment Property still an Asset?…
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…
Traditional Fixed rate loan - used if you feel loans interest will go up and you want to lock in a low interest rate that you will be able to get. FHA - low down payment of 3.5 percent is positive, but the negatives are that they have higher standards…