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Updated over 10 years ago on . Most recent reply

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19
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3
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Tony Dragoo
  • Saint Charles, IL
3
Votes |
19
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Should I House Hack?

Tony Dragoo
  • Saint Charles, IL
Posted

 Hey guys, I'm looking to buy a duplex/ maybe a quadplex with 8% down depending on price. If I purchased one and lived in a unit while saving with renting out the other unit/s would I be able to purchase another home or duplex without having 20% down or could I save 8-10% down and buy another? thanks!

Most Popular Reply

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1,255
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1,097
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Joshua D.
  • Investor
  • Columbus, MT
1,097
Votes |
1,255
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Joshua D.
  • Investor
  • Columbus, MT
Replied

My wife and I have done this twice and are working on our third one for this summer. I highly recommend this path if you have the social fortitude to live in areas that the rentals make the most sence, and you do not mind moving regularly.  We have built equity fast in the last three years with "house hacking" as Brandon called it. 

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