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Updated over 9 years ago on . Most recent reply
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SF or MF House-hack??
Good Evening
I have an idea of of the strategies I'd like to use for investing, but my situation is a little complex. I'd like to house hack. My initial idea was to purchase a duplex, stay for the yr required for FHA loan, refinance, and repeat. Because I will be housing my mother I will not see cash flow. I have no problem covering the mortgage. Following my plan I'd move after a year. Tenant screening could ensure someone good becomes her new neighbor, but now I am thinking of another approach. I'm thinking, maybe I'll get a house that I can add value to, mom will stay there and I will leave a year later. Next I will house hack a duplex. That way my mom is in a set environment and I'll be the one moving.
Could this work out?
What would you do?