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Updated about 5 years ago on . Most recent reply

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47
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Lamontis Gardner
  • Rental Property Investor
  • Mobile, AL
13
Votes |
47
Posts

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?

  • Lamontis Gardner
  • Most Popular Reply

    User Stats

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    Jerry Padilla
    • Lender
    • Rochester, NY
    1,419
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    3,451
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    Jerry Padilla
    • Lender
    • Rochester, NY
    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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    PrimeLending
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