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Updated over 2 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Omar Tinoco
  • New to Real Estate
  • Bay Area
1
Votes |
9
Posts

Bay Area :: HOEL for first time House hacking

Omar Tinoco
  • New to Real Estate
  • Bay Area
Posted

Quick question on HOEL Im still new to house hacking and this real estate investing world. I'm currently reading the house hacking book one question I have is I read the section HOEL.

I had a thought my parents are in Pennsylvania retired and  they want to move back to Colombia very soon. I was wondering my dad wants to put the house in me and my sisters name

Can I use an HOEL from that house towards a house hack in the bay area.

The house is worth $200,000 and $30,000 left on the mortgage which I'll payoff myself.

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