I'm hoping to get with someone who knows what will make a good rental /
house hack property.
I plan on
house hacking another property and I really want to do some BRRRR's along the way.
Not exact matches
I'm on track to purchase a new rental
property house hacking style every 12 - 18 months.
Four Star continues to curate this collection and develop its many in -
house properties:
Hack / Slash, Battlepug, City of Sand, The Answer, Jack Kraken, Kid Cthulhu, RadBots, and Brigantine.
If the cap rate works in your favor (as in the example above), it's time to really consider if this is the
property for your
house hack.
Since you plan to «
hack the
house» and live in the
property for several years, you might be okay accepting a smaller monthly cash flow.
House hack noun — an owner occupied
property that keeps the owner's cost of living low.
And if you don't ever want to share your residence with roommates or tenants, consider the Live - In Flip
House -
Hack.: basically, buy a rehab
property as your principal residence, move in, rehab, increase value, then move out, sell at a profit or rent out for income.
For people who are interested in
house hacking but concerned about being «tied down» to a
property / location (esp.
In addition to
house hacking, he has successfully invested in real estate for more than a decade and owns dozens, yes, DOZENS of
properties.
Here is a summary of Sunny's Best Ever advice: Guide to
House Hacking Your First Investment
Property
Along the same lines as owning rental
properties, you can get started investing in real estate via
house hacking.
I am looking to
house hack and buy a
house or 2 - 4 unit
property and have the tenants pay the mortgage and live rent free.
I plan to learn and practice
house hacking with multifamily homes and plex
properties, but reading this blog post made me realize that living the ideal
house hack, where my tenants pay for most or all of the expenses, to buy time for other investments.
A lot of people start out
house hacking for their first
property because it can be easier to get a personal home to rent out than it is to buy a rental outright.
I started with a
house hack - I think it took a good couple of months before I was ready to see
properties.
We are working right now on getting a
property that we can
house hack.
@Nigel McFarlane My wife and I are currently looking to
house hack our first 2 - 4 unit
property in Long Beach.
With this in mind I am trying to be very careful and not do things that will hinder me being able to get my first
property and
house hack and begin my real estate journey to freedom.
It is increasingly difficult to find a
property where a traditional
house hack works.
I think «
house hacking» involves «being an landlord», but is more than that, ie most landlords don't live in the same
property with the tenant but
house hackers do..
I would like to build my credit as much as possible since I am also looking to purchase a
property this summer or fall 2018 and
house hack.
I want my first
property to hopefully be a quadplex
house hack somewhere in Fort Worth, and then build my way up to large apartment buildings.
If we decide to
house hack our anticipated 2017 purchased 18th & 19th
properties (hopefully a duplex or higher), we will rent our side of next week's purchased duplex.
House hacking a duplex or quadplex is possible and the bidding is fierce for a good
property.
That said, my secondary and shorter term goal is to find a rental
property in the market we plan to move to in order to gain experience, build a team, and help us prepare for our 4 - plex
house -
hack.
I purchased my first
property with $ 7k of my grandparents money and then
house -
hacked first year to get the money for the next down payment (and paid my grandparents back)... and so on.
I started listening to BP on August 2016 and made my first investment purchase on November of the same year which consisted of a three family
property which I am using to
house hack.
Currently
house hacking in Peoplestown and looking to purchase the next
property within the next 3 months.
As I mentioned, we intend on «
house hacking» and living in the 3rd, larger unit, of this
property.
I've recently bought my 3rd
property (
house hacking a duplex!)
Narrow it down to what TYPE of
property (single family, condo,
house -
hacking a duplex, investment
property, etc.).
@Amy J. C. I am not a fan of purchasing a Residential Multifamily
Property known as «
House Hacking.»
There were a lot of people that are
housing hacking now or looking for their 1st
property.
We are renting an apartment but we plan to buy a small multifamily
property to
house hack in.
you could consider selling your home and
house hacking your new
properties.
I want to purchase a multifamily
property (a duplex preferably), occupy one part of it (
House Hack), and rent out the remaining units.
I suggest completely removing
house hacking / residential usage from the investment
property strategy.
Correctly executed, a
house -
hack will allow the reader to live for free, AND give the option to retain a cash flowing rental
property when they move out.
In a nutshell,
house hacking is owning and living in your own home while also receiving rental income from the same
property.
Buying a 2 - 4 unit multifamily
property is the method I'll most elaborate on in this post since I think it's the best way to utilize the
house hacking method to its full potential.
House hacking is where you buy a primary residence, live at the
property, and rent out part of it to tenants.
Since you're
house hacking, this law doesn't impact you, while you're living at the
property.
For the majority of want - to - be
house hackers, buying their
house hack is not only their first investment, but also their first
property.
The real purpose of a «
house hack» is to purchase the
property with a low down payment loan due to the fact that you are getting owner occupied financing by moving into one of the units.
Buying a 2 - 4 unit
property and
house hacking is an excellent way to buy your first rental
property, and get advantageous financing for it too.
My thoughts on the
property, if it really is being sold as a 4plex (one of the rooms being decommissioned then it makes for a great
House -
Hack play for sure.
Any advice on the area or people's experience
house hacking multifamily
properties would be great!
We're
house hacking a 4 unit
property in San Diego, and will be looking to purchase another small multifamily at the end of this year.
I will soon to be real estate investor, as I'm going to be buying my first
property, (a tri-to-fourplex) to buy and hold, and «
house -
hack» in the greater Seattle / Tacoma area.