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Jerry Wolf
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13
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Questions about financing my first 'house hack'

Jerry Wolf
Posted

Newbie here. I am very interested in 'house hacking' my first property. I've found a property (triplex) I like and I've run the numbers and am happy with the potential returns in my market (south Florida). I submitted an offer within a week of the property being listed, but the seller has since decided to only consider cash offers. The property is still available (one month later), I've followed up with the listing agent and the seller is not reconsidering other financing offers.

A hard money loan isn't an option, since it will be owner occupied. Are there other financing options or loopholes that I can use to get this deal done? Or should I move on and continue my search?

Thanks for your help!

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