House Hack Alternatives.

This is written for all the people that don't want to uproot your family from their nice safe neighborhood and go live in a 'c' type 'unit' with a third of the space, all in order to avoid the high down payment required by the banks lending rules.

Who wouldn't love to get some 3.5% down action for a multi family or SFH? This really makes your cash on cash return soar. Its a great strategy. A big part of the game is getting as much property with as little out of pocket as possible. The reason banks don't give everyone this option is because most of us would over leverage ourselves and then eventually not be able to pay them back. If you live in the property (most for at least a year) you got more to lose and the bank is more comfortable with the loan.

So what are the option? Secured lending! Use equity from a car, truck, business, or house! Can you borrow from your retirement? Ive tried to find these mythical owner financing options in which a smaller down payment can be accepted. Ive heard about 'assuming' the loan.  Ultimately, for my situation, I can use equity, retirement, and then wait until I have money saved and/or equity for the mythical cash out refy of one of my properties. 

All this being said, I consider myself a newbie and will continue to look for owner financing and ways to get into properties with little cash. Do you have any better ideas for people in this situation? Lets hear em...'come on down' - Bob Barker.