Updated 7 days ago on . Most recent reply
House Hack Financing
House hacking is still one of the most powerful ways to build wealth. You can buy a 2-4 unit property with as little as 3.5–5% down, live in one unit, and use the rental income from the others to offset your payment.
After a year, you can move out and repeat and in many cases, that rental income can help you qualify for your next purchase.
My first deal was 3.5% down. I brought $11k to closing (seller covered the rest), and instantly owned a property + had rental income coming in. It’s not always “easy,” but it is simple and it’s one of the fastest ways I’ve seen people start building a portfolio.
What're you all seeing with challenges in house hacking? and what questions do you have on the lending side for house hacking MF?