Updated about 2 years ago on . Most recent reply
House Hacking at 22 years old
I'm relatively new to the real estate investing business and wanted to start out house hacking. I've saved up about 35k and have really good credit with a stable job. I was curious if anybody is/knows a good lender that I could speak to about getting started. Many thanks!
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Hi Aidan,
House Hacking is our specialty, majority of our clients start with house hacking and our team also house hacks. Happy to answer any questions you may have about this strategy. Quick tips don't max out on your first property make sure you can at least break even once leaving that property or be negative as little as possible. The key is to make sure you can also get the max rent from your property and one way to accomplish that is to rent by the room instead of renting out the whole house to a family. In order to rent out by the room you will also have to make your property marketable for to rent out by room and this means location will be key as well. There's many ways to plan to make this work first thing is to find out how much you can qualify for and what are rents going for in your market.