Updated over 4 years ago on . Most recent reply
Using Down payment assistance with House hacking
I want to only invest in Multifamily and start off by house hacking and refinance to buy more property. The problem is that downpayment assistance programs have all these requirements. Like one of the programs is requesting you to stay in the property as PR for 5 years. If you refinance you have to pay all of the money back. I literally cannot see pass this and do not know what to do. Can someone provide a strategy? Have anyone worked around this and how? If you refinance how do you build equity fast? I'm really ready to start investing, but I also don't want to jump in w/o a solid strategy and I want to stay out of trouble?