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.
Benefit 1 - low down payment option If needed, owner-occupied residential multifamily can be purchased with a low down payment for a low barrier of entry 3.5-5% down payment through an FHA (Federal Housing Administration). Typically, for conventional loans on a duplex, you'll need to do a 15% down payment…
House Hacking is a real estate strategy where a real estate investor lives their primary residence while making income off of the property via rental income. The rental income will offset the mortgage, utilities, and other house expenses. House Hack Definition & Types There are many different forms of House…
House Hacking is a good financial decision for getting or on your way to living rent-free and becoming financially dependant. Securing a move-in ready or a fixer-upper is equal value for your first house hack since you are securing a property and making it your own. Top Reason Why House…