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Updated over 2 years ago,
Home hack with or w/out AirbNb? or rent place out w/normal lease?
Hi everyone, I was prequalified for 140k in las vegas where i'm living. However, the market is still very expensive here and mostly condo's are what's available for that price range. Home hacking seems tricky with the 1bd / 1bath places i'm finding.... (I have found 2bd , though rougher areas that I'm unsure Airbnb guests would appreciate (If airbnb is even possible for condos?)
I'm trying my best to slowly keep checking properties, since I am working with a realtor. I was thinking of house hacking (if I can find a place with 2bds +) OR the 2 realtors I spoke to mentioned I could put the bills in my name and rent to someone I know or possibly Airbnb (though they did mention it does go against terms of the loan for first time buyers to rent it out right away , but that as long as I have the 'intention' I should be ok. Though they mentioned to not take their word for it, but rather proceed with caution)
any suggestions or tips? its my first place, and I'm trying to make the right moves to build equity and get at least some cashflow. appreciate all of you and your insights