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Updated about 4 years ago,
Creative Financing during House-Hack
First time back in a while!
I found a house-hack as my first investment property! It took about 4 months to find the right one but it's been great! It's a SFH where I am making money to live with my other rooms rented out, and will cashflow when I move out which is amazing and setting me up for my next investment. I mention this to give context to my next question.
I'm tied to living in the house for the next 10 months. I was originally looking for a multifamily for my first house hack, but the market is crazy where they almost always didn't make sense. A multifamily has just popped up that I'm pretty sure will cashflow, but I'm waiting on some information that I need to be sure. Regardless, I want to get ahead of the game because if it is a deal, it will go quickly. Is there anyone who ran into this or something similar as a newer investor where they didn't have the capital to purchase with traditional investment loan?
Thank you!