Bay Area :: HOEL for first time House hacking
Quick question on HOEL Im still new to house hacking and this real estate investing world. I'm currently reading the house hacking book one question I have is I read the section HOEL.
I had a thought my parents are in Pennsylvania retired and they want to move back to Colombia very soon. I was wondering my dad wants to put the house in me and my sisters name
Can I use an HOEL from that house towards a house hack in the bay area.
The house is worth $200,000 and $30,000 left on the mortgage which I'll payoff myself.