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Updated about 5 years ago on . Most recent reply

Lamontis Gardner's profile image
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Lamontis Gardner
  • Rental Property Investor
  • from Mobile, AL
  • Member since Jan 2, 2019
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Lamontis Gardner's profile image
Lamontis Gardner's profile image
Lamontis Gardner
  • Rental Property Investor
  • from Mobile, AL
  • Member since Jan 2, 2019
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Lamontis Gardner
  • Rental Property Investor
  • Mobile, AL
13
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47
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General Landlording & Rental Properties

Househacking in Atlanta

Lamontis Gardner
  • Rental Property Investor
  • Mobile, AL
Posted

Hello, Im interested in doing a house hack in the Smyrna, Ga area by buying a home with an inlaw suite in the basement and renting it out. Does anyone have experience with this method, and if so was it profitable for you?

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    Jerry Padilla's profile image
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    Jerry Padilla
    • Lender
    • from Rochester, NY
    • Member since Mar 25, 2014
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    Jerry Padilla
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    Jerry Padilla
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    Jerry Padilla
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    Replied

    @Lamontis Gardner

    Why so specific, of an in law suite in the basement? You can also do a duplex, or even up to 4 units as a primary. FHA allows you to purchase up to 4 units with only 3.5% down and you can count 75% of the rental income on the other units to help qualify for financing.

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