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…
We all experience occasional setbacks that leave us feeling less than enthusiastic about where we are in our lives. Sometimes, the best thing you can do is to change your scenery permanently. Whether you’re moving to a new city for the first time or coming back home after what may…
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…
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.…
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…
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 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…