Updated almost 10 years ago on . Most recent reply
Seasoned House Hacker!!
If you are an investor who started your journey through real estate by house hacking without much money of your own, what tips can you give to an aspiring house hacker that is currently looking for a multi family home in Tampa preferably a fourplex, duplex, or triplex with a detattched bungalow or Inlaw suit to owner occupy. How did you find your first property to house hack? How did you get the down payment or cash to construct the deal? How did you negotiate the deal?
Any advice would great from an experienced house hacker.
Thank you!
Most Popular Reply
My husband and I didn't start our real estate investing in house hacking, we started in a condo that we fixed up and lost $25K on in 2012 (not a good time to sell!). After we got out of the condo, we lived in a 4-plex for 3 years, and now live in a duplex. We've lived for free for 4 years through house hacking.
I would start with an FHA loan if you don't have 25% down. For the first few years, we bought everything off the MLS with an agent.
Any other specific questions I can answer?
Good luck!