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Updated over 2 years ago on . Most recent reply

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41
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13
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Nat Love
  • New Jersey/ National
13
Votes |
41
Posts

House hacking with 20% down??

Nat Love
  • New Jersey/ National
Posted

So I was wondering, if I had the equity to put 20% down on a house to house hack, wouldn’t that be better than putting 3.5% down? 

Most Popular Reply

User Stats

135
Posts
160
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Joshua Filkill
  • Rental Property Investor
  • Columbus, OH
160
Votes |
135
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Joshua Filkill
  • Rental Property Investor
  • Columbus, OH
Replied

@Nat Love You could and avoid paying PMI, but at the cost of a way larger down payment. The idea is that you can use that extra money as reserves or find another property to invest in. You could even put it in an index fund and let it grow overtime instead of having it tied up in the property.

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