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Updated over 3 years ago on . Most recent reply

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4
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3
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Joseph Coppus
  • New to Real Estate
  • Chicago, IL
3
Votes |
4
Posts

“House Hacking” Commercial Real Estate

Joseph Coppus
  • New to Real Estate
  • Chicago, IL
Posted

Hey community, I was just curious if anyone has applied the house hacking strategy to their business with commercial real estate. Are there any BP podcasts where this is explored? Thanks!

Most Popular Reply

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437
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191
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Michael Facchini
  • Lender
  • Chicago, IL
191
Votes |
437
Posts
Michael Facchini
  • Lender
  • Chicago, IL
Replied

Hi all, agreed with the above that the general concept of "house-hacking" could be applied to commercial real estate where there is an owner-occupied business sharing space with other businesses or residential tenants (in the case of mixed-use). In the case of a mixed use building up to 4units, the majority of the square footage needs to be residential and then it can be considered for FHA financing (residential) with as little as 3.5% down.

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