House hacking into real estate
Hey BP ! I'm curious has anyone used a Balloon payment to Refi into a conventional loan to get into a HH ? Or even a hard money loan into a BRRRR for a HH. I'd love to hear everyone stories . I'm personally looking into creative was to scale
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Rick Albert
#2 House Hacking Contributor
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
You are likely overthinking this.
Go with the FHA 203(k) loan and add bedrooms and units. That will increase your house hacking income and scale from there. Going the hard money route is very expensive.