Webinar #9: Denver House Hacking w/ Condos
The next phase in our house hacking series is to explore condo house hacking.
Why condos? Well, our clients have been buying condos for investment properties as they are giving the best returns in the Denver market.
If investors are buying condos, then we realized house hackers should look at condos as well. After building a house hacking condo model, we were pleasantly surprised at the numbers!
Quick run down:
- Buy a condo for less than $15,000 down (3.5% FHA or 5% conventional down)
- Live for free (or close to it)
- At year 2, move out of condo #1 (rent it for positive cash flow) and then buy condo #2.
- Repeat every 2 years until you own 4 condos.
- By year 8, have 4 cash flowing properties with 500k+ equity.
Condo house hacking is a great way to buy property for less than $15,000 down, live for free, and start building your rental portfolio.
Join Chris Lopez and Charles Roberts as we explore this model and walk you through a model where four condos can set you up for retirement
RSVP: https://www.denverinvestmentrealestate.com/webinar9
Yes, it will be recorded. Visit the RSVP link afterward to be redirected to the recording.
Resources:
Denver House Hacking Guide: www.denverinvestmentrealestate.com/househack
Travis Sperr's House Hacking interview: https://www.denverinvestmentrealestate.com/podcast11