Realistic Cost of House Hacking

[Caden Glenn]

I am 18 years old and plan to buy my first multifamily house hack in the next year or so. I am wondering what to realistically expect it to cost. I know that it is 3.5% down payment with an fha loan. Closing costs about 3-5%. Is there a way to avoid closing costs on my end and have seller cover? Is that a rare occasion for that to happen? What should I expect to spend on inspections? Any other costs I should be aware of? Thank you!

[Account Closed]

You can have your agent try and work a buyer credit in an addendum at closing. For example, offer $300k with a $5k buyer credit at closing as opposed to say $295k. Seller basically covers your closing costs, essentially transferring that $5k from an immediate closing to cost to one spread across a 30-year mortgage at 3.5%.