The "House Hacking" Hurdle That No One's Talking About

For most first-timers, the reason we choose to house hack is because we don’t have loads of up-front capital to make a large down payment on a property. The fact that an FHA loan will allow you to utilize their 3.5% down on up to 4 units is exactly what attracted me, and many of us, to house hacking in the first place.

But, little did I know!

If you are going to have a non-occupant co-signer who helps you qualify for your 2-4 unit property, you may not be able to take advantage of that 3.5% down, but instead, be required to put down a whopping 25%.

In this video, I discuss how I temporarily converted my duplex into a single family home in-order to qualify for the 3.5% down payment.

If you’re interested in house hacking, or real estate investing in general, check out the links below.

Book a Free Real Estate Mentorship Call With Me:https://www.calendly.com/lilithompson

Book a Free YouTube Channel Growth Call With Me: https://calendly.com/lilithompson/youtubegrowthfreeconsultation

More videos you might enjoy:
Tier Ranking Youtube's Real Estate Gurus: https://youtu.be/4xAEHUgtbA0
Deep Dive on 10 Different Investing Strategies: https://youtu.be/OQyDkTQKZo0
The Ultimate House Hacking Guide: https://youtu.be/IWutkNGNR0A
How I Found and Closed My First Investment Property: https://youtu.be/91OiRc3Xsww
Tour My New Duplex: https://youtu.be/Q6qd4SoMza0

Research, skip trace, and run comps with a free 7-day trial of PropStream: https://trial.propstreampro.com/lili/

Use Rentometer to find rental values in your area: https://bit.ly/3iNoKcp

Connect with me and see behind-the-scenes stuffs on Instagram https://instagram.com/Lili_invests

My recommended real estate books:
Listen to them on Audible for free: https://amzn.to/2Xgfc0l
Read them on Kindle for free: https://amzn.to/317xhii

* Richest Man in Babylon: https://amzn.to/2Bq7A3u
* The ABCs of Real Estate Investing: https://amzn.to/2zTE4mg
* The Book on Rental Property Investing: https://amzn.to/304Q917
* The BRRRR Investing Book: https://amzn.to/3gQRteB
* Rich Dad, Poor Dad: https://amzn.to/38PeIDe
* The Millionaire Real Estate Agent: https://amzn.to/300H4pN

The professional lights I use: https://amzn.to/3iRo1a9
The external microphone I use: https://amzn.to/2ZkUoGE

Comparing FHA and Conventional Loans: https://www.nerdwallet.com/article/mortgages/fha-loan-vs-conventional-mortgage

Down payment assistance programs: https://www.hsh.com/homebuyer/dpa-guide-down-payment-assistance-all-states.html

Видео The "House Hacking" Hurdle That No One's Talking About канала Lili Thompson