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Updated about 2 years ago on . Most recent reply

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Thomas Hall
  • New to Real Estate
  • Cleveland, OH
3
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2
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One successful house hack down - whats next?

Thomas Hall
  • New to Real Estate
  • Cleveland, OH
Posted

My wife and I achieved our goal of buying our first duplex and house hacking half. I’m only 6 months in, but am trying to figure out what is the next move. I would like to rent it all out and finance another duplex, but im not sure how to best make that work. What are some other creative ideas for moving from your first house hack to your next investment? Thanks to anyone who responds.

Most Popular Reply

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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,108
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied
Quote from @Thomas Hall:

My wife and I achieved our goal of buying our first duplex and house hacking half. I’m only 6 months in, but am trying to figure out what is the next move. I would like to rent it all out and finance another duplex, but im not sure how to best make that work. What are some other creative ideas for moving from your first house hack to your next investment? Thanks to anyone who responds.

Beans and rice beater driving scorched earth budget to save as much as you can while you satisfy your 1 year occupancy requirement.
Then buy another low down househack. Start searching at about month 10. 
Rinse and repeat as long as you can stand it.  

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