New Build House Hacking
When my wife and I first tried buying a home we spent about a year trying to find the perfect house hack. It was hard to do, maybe it was our market maybe it was us, not sure. Then, we had a conversation with one of our friends and they told us their plan. They would build a new home live in it for two years and sell it. I was interested. So my wife and I spent another 6 months putting together a plan on how we would do this. We started this back in 2010. We have built two homes (we did put a lot of sweat equity into the homes) and sold one (obviously we did sell every two years) and we are getting ready to sell the next one. If we sell it for what we are hoping our next house will be paid for.
I am interested if anyone else has had luck doing this method of house hacking?
Most Popular Reply
Yes! It’s so hard to find others in this niche that do some variation of the “build a house, move into it for 2 of the next 5 years, while you build the next house, move in, sell the previous house for profit, and repeat strategy”. That’s a mouthful, maybe its because there doesn’t seem to be a name for it (let’s call it BLBS=Build, Live, Build, sell ;)
@Matthew Stokes, how did it go?
@Mimi Nguyen, how about you?
Would love to connect with anyone else out there in the “BLBS” Community