As you all know, higher interest rates made house hacking way harder. Duplex’s are priced (at least in SE PA) where you can maybe cover half your mortgage. I was turned on to assumable mortgages just by the luck of a random conversation.

I set out looking for duplex's for sale that were currently under FHA loans (all government loans are assumable) and finally found a place where the sellers had a sub 3% interest rate and were open to the unconventional sales process.

IT TOOK 8 FRICKEN MONTHS!!!

luckily the sellers hated the marketing and open house process and hung in there while we worked it out.

It cost me a total of 141,000 including closing costs to take over the house at a $410,000 purchase price and I assumed their 2.375% loan with 25 years left on the mortgage. My monthly payment is about $2,000 and each side of the duplex should rent for $1,800 to $2,200. 

It’s not exactly a home run but after finding bigger pockets 8 years ago and grinding trying to make something work I finally feel like I made the first step.