house hacking as second home buyer

[Amha Demissie]

Hello BP 😎 ai am new here but i listen to real estate rookie for awhile. i bought single family house in 2019 and now i want to buy a four family house i have home equity should i use it at a down payment or not around here in boston the 4 family house is between 900,000-1.2M so i need to do house hack put down payments as low as 3.5% and rent my single family and show the Leander as an income to and i only have 30k saved up and the leander want to see 3 month reserve should i take HELOC and show them that i have reserve or is there any other options? Thank you

[Lien Vuong]

If you have more liquidity in your 401K or other investments that would satisfy that condition for reserves. It sounds like you need to take a HELOC out for the downpayment though as 30k is not enough for a four fam purchase price in Boston.