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Updated over 7 years ago,
Calling all those with House Hacking Experience
Hi all!
Newbie investor here. Some questions have arose for me after doing some reading, podcast listening, and property analyzing.
For those with house hacking experience (especially with FHA financing) - based on your experience(s)....can you answer these questions?
1. What are ways to continue house hacking with FHA financing given the 1 loan rule?
2. Has any one house hacked multiple times? What was that experience like? How was that strategy beneficial in helping you reach your REI goals?
3. So in doing property analysis I know we're supposed to account for all projected fees (including vacancy, maintenance, etc.). In house hacking - if a tenant's rent fully covers mortgage, taxes and insurance (or most of it) - do you save money from your W-2 job to account for the other projected expenses (vacancy, maintenance, PM, CapEx)??
Answers to any of these questions are greatly appreciated!!!
Thanks (metta)