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Updated about 3 years ago on . Most recent reply

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3
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0
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Marcus Bowen
  • New to Real Estate
  • Lakewood, CO
0
Votes |
3
Posts

House hacking with no money down. Is it possible?

Marcus Bowen
  • New to Real Estate
  • Lakewood, CO
Posted

Hey BP house hackers. This is my first forum post and I have a question for you all.

Has anyone out there successfully obtained a house hack with no money down? If so, how did you do it? If not, do you have any ideas on how it could be done?

Most Popular Reply

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171
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137
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Nick Riccio
  • Lender
  • Boston, MA
137
Votes |
171
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Nick Riccio
  • Lender
  • Boston, MA
Replied

@Marcus Bowen in short, it can be done. You could use down payment assistance that could eliminate the down payment.

In reality, I'd recommend waiting & saving some more. Inevitably, things go wrong that require cash. It's a quick way to get yourself in a jam - and when just starting out, my recommendation is be as calculated as possible because getting your first win is crucial! 

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