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Updated over 3 years ago,
Chicago House Hacking Question
Hey everyone, the BRRRR strategy can be great to build wealth quicker than a traditional strategy, but it may be difficult for people to save the 20% down payment, obtain rehab or hard money loans without a proven track record, and/or finance rehabs with their own money. What financing solutions or creative combinations have you all seen that allow an investor to have that low down payment (3.5%-5%) but avoid the tough inspections or headaches from the FHA or 203k loans. Or put another way, what I am asking is if anyone has had success doing multiple house hacks where they buy at a 2-4 unit building at a discount, fix it up, and use the equity to use another low money down financing option into another property.