House hacking with a condo or townhome - Seeking Advice
Hi All! I'm new to real estate investing and want to get started with house hacking. I recently moved to Denver, CO, and have been thinking about purchasing my first property and use the house hacking strategy to get started. My problem is that the single-family properties in the Denver metro area are a bit out of my price range. I'm considering looking into condos or townhomes that are a little more affordable to get started. I'm thinkign I could get into a 2bed 2 bath where I can rent out the other room and bath - as a very small scale house hack. Are there any big red flags with doing house hacks in a condo/townhome? Any advice is much appreciated! Thank you.
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#1 House Hacking Contributor
- Real Estate Agent
- Colorado Springs, CO
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#1 House Hacking Contributor
- Real Estate Agent
- Colorado Springs, CO
@Stephania Ramirez great idea to house hack!! Significantly improves your net worth in amazing ways when compared to renting. I would connect with @Kayla Givens who house hacks in Denver and is also a fantastic agent that could give you some SOLID advice.
Here are some resources for your journey:
1. For podcasts I really like the Huse Hacking episodes on Bigger Pockets Podcast and other channels. Here is a playlist with the best House Hacking Podcasts I’ve found: https://open.spotify.com/playl...
2. Great beginners guide: https://www.biggerpockets.com/...
3. The Book on House Hacking Strategies by Bigger Pockets is also a fantastic book
4. Happy to talk if you want more advice
- Ryan Thomson
