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Updated almost 4 years ago,
Prospective House Hackers- What is holding you back?
Hello BP Philly,
If we have not talked before, my name is Brett Stander- I am a realtor, Property Manager, and (hopefully) soon to be house hacker.
If you are at all involved in the Philadelphia Real Estate scene, you would most likely agree that finding good deals for Multifamily units (especially those in safer areas) are hard to find.
My two cents, to keep it brief: With the incredibly low interest rates at the moment, people who never invested in real estate are sticking their money into C+ - A+ assets, paying the mortgage and building equity.
With this, however, the inventory is incredibly low. Especially for a good deal in a safer area.
For me, this has been holding me back from getting into a house hack.
My question: If you are thinking about house hacking, and you are looking in the city, what has been holding you back? The majority of us on this site have thought about house hacking for a while- if you are not taking the leap now, why not?