Updated over 1 year ago on . Most recent reply
Newbie & Confused
Hi, I'm super new to REI & have no clue where to even start. I've seen a lot of talk about house hacking and while I believe that I understand the list of it, I'm just not confident to start. Also It seems that in my city this doesn't exist with a duplex, triple etc..
I would love to connect with someone who maybe feeling the same way or maybe someone who understand this feeling and would give any advice on overcoming this emotion. Thanks!
Most Popular Reply
House hacking is using an owner occupant loan to get into a home or a 2-4 unit property. There is 3-5% down payment options you can use. The benefit to these is you get your foot into the door without a ton of capital and as time goes you can move out and cashflow on the property. You can also do a live in flip where you use the equity to sell and reinvest down the road. I would make sure financially you have a good base and then connect with a local agent
- Caleb Brown