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Updated over 6 years ago on . Most recent reply

House hacking questions for a newbie
I want to say thank you all for the vast amount of knowledge you have shared with me.
I wanted to ask about loans and house hacking a multifamily 11 unit complex. I would like to purchase and live in one of the units. Does this strategy work when you are buying this many units? Does this strategy work when you get this large of a loan? ~$1.5mil. With 3.5% down?
I am a newbie and I have chosen to focus on multi family and get good at this before I move to other types of property rentals. Thank you all again.
Nate
Most Popular Reply

No, it doesn't work.
House hacking is limited to 1-4 units. 11 is a commercial property.