I am thinking of getting an FHA loan to get a quadplex while simultaneously starting a business. I would live in one unit and rent out the other three so I can live for free and focus my capital on the business. What are your thoughts?? Should I do it differently or maybe do something ontop of that also?
@Johnathon Freeman house hacking is the safest way to begin investing in my opinion. Ideally, the rents you get will cover most/all of your expenses and lower your cost of living, thus accelerating your savings rate. Lowering your cost of living is a great thing to do anytime, including while starting a business.
Hi @Johnathon Freeman ,
I am a big fan of house hacking. Start a business or not it is a good thing to make a housing move that reduces or eliminates your housing costs. There is a ton of information here on BP and some helpful people.