Updated over 5 years ago on . Most recent reply
👋🏻 new to this looking to purchase my first home/condo.
Sacramento area has one of the highest rental price increases in the nation over the last couple of years. Given that I literally can’t afford an actual house in traditional standards. I can rent hack my first place. What I don’t understand is how a person with a 50k-100k income can house hack and get 40 doors in two years. Like the startup logistics don’t make sense to me. Ok you get a house you bore and it’s worth a lot more. If that amount is under 200k no federal taxes? But assuming you make 199 thousand and the feds leave you alone the banks don’t view you as a commercial renter at what point? Because at some point you have to be over leveraged. Or am I missing the point and you are almost always over leveraged on a single property but if you have enough it all balances out.