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Mike Bean
  • Worcester, MA
41
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69
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ISO House-Hacking/ Multi family rental information

Mike Bean
  • Worcester, MA
Posted

I've been reading books on real estate for over a year now and really started to get more serious about educating myself pretty recently. I'm a recent college grad that just started working in Boston. My goal is to successfully house-hack a property to the point where I can live for free while building equity in a property. Unfortunately right now I don't even have enough saved for a 3.5-5% FHA down payment since I'd be an owner occupant.

It's not that I feel like I've hit a stand-still, because I'm still learning a lot of new material everyday. However, I'm at the point where I feel like I generally know enough on how to house hack but:

1) I lack the capital necessary for a down payment

2) I lack the experience of going through the process and dealing with tenants/ lease agreements

Any suggestions on financing a deal like this and/or gaining experience?

Most Popular Reply

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67
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43
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Matthew Roder
  • Lender
  • Chicago, IL
43
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67
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Matthew Roder
  • Lender
  • Chicago, IL
Replied
@Mike Bean (1) save money (2) just do it

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