Have 50k and i want to house hack in nyc . How would i do it ?
I am now 24 years old , I am currently paying about $900 a month not including food, gas, etc . I have about 15k in the bank another 30k in cash and about 8.5k in stocks and 5.5k in my Roth IRA . So all in all about 59k . The problem is I want to house hack , but my w2 income is about 19k and about another 20k is tips . I want to house hack in queens (Hollis,Jamaica, Queens villege) . I have a friend with 30k w2 income who is willing to co-sign me . My question is , how would I go about doing a house hack ? Ideally I’d move to a 2 family with a basement apartment so 3 units , and live cheap to free while building equity . A home here would be 400-700k in areas I’m looking . How can I do this ? Help !!!