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…
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…
We all need the motivation to go through a house hack. Sacrifices will have to be made since technically it is not as luxurious as a mansion house to yourself. All House Hackers need motivation since it is extra work that is not easy. It takes time and effort, but…
The number one reason why residential multifamily house hack is that you are not sharing immediate space with the tenant. Secondly, there is a higher opportunity for growth compared to single-family for leading to financial freedom. The concept is straight forward: buy a residential multifamily (2-4 unit building) and live…