Entry Level Investing

[Elijah Robinson]

Without a FHA Loan or any type of assistance how much capital should I have before investing through house hacking?

[Bradley Dosch]

Hey Elijah, thanks for posting this as it's definitely a common question. Assuming you would use a 3-5% down payment, I would save the following:

The down payment

$~12k for closing costs - note that it's much more doable to have the seller pay these in this current market!

At least $5k in reserves depending on the condition of the house

Of course there are plenty of ways to get around this. Seller paid closing costs, down payment assistance, help from friends and family. Hope this helps, good luck Elijah!