House Hakcing as a Student: Financing

[David Rincon]

Hello, I'm currently a full-time undergrad in Toronto, Canada. I'm a newbie in real estate and I have no properties (yet). Last week I heard about House Hacking and I'm in love with the idea of being paid for living in a place, but I'm not sure how to finance my first real estate-house hack venture with few initial capital  (I'm a student living in a pretty expensive city). If anyone can shed some light, has had any experience specially in the Toronto Area or has successfully house hacked being a student, please enlight this forum. I will greatly appreciate it.

Cheers.

[Geordy Rostad]

@David Rincon You're really going to need some cash and or smooth talking skills to pull this sort of thing off but I can think of two ways to make it work.

a) find yourself a suitable property that is being lease-optioned. You're going to need some sort of down payment but it could be smallish.

b) find a seller who will offer you seller financing at a zero or near zero down.

Think about anyone in your friends or family circle who you could approach for deals like those. Since you are in a wealthy and competitive city, that might just be your best bet. Check Craigslist for lease options.