Updated over 2 years ago on . Most recent reply
House Hacking- First Home Purchase! Need Advice!
Hey Bigger Pockets Fam!
I found a Mobil home in my area with 3 units a 2/1, 1/1, and 1/1. In the Kendall area for sale for $145,000, which is unheard of. The potential cashflow I could create with this property is unheard of in today's market. I've been searching for my first multifamily home to house hack for a while now and I think this could potentially be the one. I reached out to the agent that's dealing with the property and the house is only being sold for all cash. Therefore, she told me that I can't take out a loan to purchase the home. I don't have $145,000 sitting in my bank account at the moment and I was wondering...
If there are any creative ways around purchasing a home that is only taking all cash offers, when you don't have the money in cash and would need a loan to purchase the property?
Thank you!
-Aaron G