House hacking with no/low money down

[Aisha M.]

Is it possible to house hack with no and low money down? If so, is it worth it on that type of rental property?

[Justine Scheuher]

@Aisha M. I am currently house hacking. I think a duplex, tri, quad would be nice but I am actually house hacking in a single family home--aka, I have roommates, lol. I have 2 roommates in a 3 bed, 2 bath house. My roommates pay my mortgage for me, which is awesome. 
I bought my house with a FHA loan. I put 5% down. I went with a 15/15 ARM (first 15 years fixed rate at 4.5%, and then the last 15 years is adjustable by 2%...so the worst interest rate would be 6.5%) This option the (15/15 ARM) allowed me to bypass paying PMI (which is usually tacked on to your mortgage payment if you don't put 20% down). It was a really cool option i found with a local bank (L&N) here in KY.
I will probably refinance at/before 15 years if interest rates will be lower. 
Good Luck!