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…
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?…
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…
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…