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Updated over 7 years ago on . Most recent reply

Leah T.'s profile image
Leah T.'s profile image
Leah T.
  • New to Real Estate
  • from Atlanta, GA
  • Member since Feb 27, 2017
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Leah T.'s profile image
Leah T.'s profile image
Leah T.
  • New to Real Estate
  • from Atlanta, GA
  • Member since Feb 27, 2017
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Leah T.
  • New to Real Estate
  • Atlanta, GA
1
Votes |
7
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Starting Out

House Hacking with Partner

Leah T.
  • New to Real Estate
  • Atlanta, GA
Posted
Has anyone ever house hacked with a partner?
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Ray Lai's profile image
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Ray Lai
  • Investor / Vendor
  • from San Diego, CA
  • Member since Sep 15, 2016
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Ray Lai's profile image
Ray Lai's profile image
Ray Lai
  • Investor / Vendor
  • from San Diego, CA
  • Member since Sep 15, 2016
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Ray Lai
  • Investor / Vendor
  • San Diego, CA
949
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1,054
Posts
Ray Lai
  • Investor / Vendor
  • San Diego, CA
Replied

@Leah T.

No because with FHA loan with payments as low as 3.5%, if you look anywhere except for the top 10 hottest markets, you can find a good house hack. Partnerships complicate things - worst case scenario you'd probably be better off with a private loan from friends to start your househacking.

Or do you have 0 money saved up and want to partner with a friend the the money and then each of you takes one unit to live in and rent out the rest? That could work.

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