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Updated 8 months ago on . Most recent reply

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Stephen Patton
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Newbie & Confused

Stephen Patton
Posted

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!

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Caleb Brown
#4 Starting Out Contributor
  • Real Estate Agent
  • Kansas City
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Caleb Brown
#4 Starting Out Contributor
  • Real Estate Agent
  • Kansas City
Replied

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

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