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Updated about 8 years ago on . Most recent reply

Gregory Hatcher's profile image
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Gregory Hatcher
  • from Baltimore , Maryland
  • Member since Mar 29, 2018

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Gregory Hatcher's profile image
Gregory Hatcher's profile image
Gregory Hatcher
  • from Baltimore , Maryland
  • Member since Mar 29, 2018
Gregory Hatcher
  • Baltimore , Maryland
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Starting Out

Is house hacking mandatory

Gregory Hatcher
  • Baltimore , Maryland
Posted

I'm new and I have 1 rental looking for a multi-family property in Baltimore Maryland. I just brought my new house which allowed me to rent out the old one. Do I really have to live in the multi-family house if and when I get that property? Are there any other ways to get around it? 

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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil's profile image
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Russell Brazil
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
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ModeratorReplied

Hard money loans are for flips. They are not for long term buy and hold. You will need to save up a 25% down payment for a multifamily purchase.

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