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Updated about 8 years ago,
House hacking advice in Denver market appreciated
Hello all - my fiance and I are new to the buy-and-hold world (we have a few properties) and are smart enough to know that we don't know everything. So I'm seeking any advice from more experienced investors about our strategy below:
We have some money to invest and are also currently renting our primary residence. We are thinking of house hacking and buying a 2 to 4 unit property in the next few months (while, of course, running the numbers to make sure it's a solid investment opportunity for us). Since we will be living in one of the units, we are hoping to do an FHA loan and only have to put 10% down on the property. We are not exactly sure how long we would then have to live there - 2 or 3 years? Does anyone have advice as to the best financing option? Or any other advice for this strategy? Thanks! Dan