HOUSE HACKING | First Time Home Buyer

If you’re looking to live in an expensive neighborhood, or are looking real estate investing, house hacking may be for you
Get pre-approved, you will be able to get a lower down payment than you would have if you were buying a duplex, four-plex, etc.
Decide which kind of property you want.
You can buy a single-family, duplex, tri-plex, or four-plex, live in one and rent out the others.
If you buy more than a four-plex you can’t take advantage of the FHA loans because now you are in investment status and you will need about 25% down.
Make sure the numbers work
Live for a year or whatever the seasoning period is, then do it again!
Make sure you can afford the whole mortgage if no one was living in the other space. At the very least, have six months saved up to cover if there was a vacancy.

Brittany Hannon Real Estate | KW West Ventura County
Realtor Specializing in Oxnard Beach Homes
www.BrittanyHannonRealEstate.com
BrittanyHannonRealEstate@gmail.com
Text Me 805.620.7139‬
DRE 02102614

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DISCLAIMER: This video is intended to provide educational/entertainment value. All information should be assessed by a professional and should not be considered legal advice.

Видео HOUSE HACKING | First Time Home Buyer канала Real Estate Made Easy with Brittany