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Updated 4 months ago,
House hacking when you currently rent?
I'm looking at house hacking a duplex or the like for my first investment property and looking for some advise on timing. I signed a 1 year lease last month so kinda stuck in that until fall 2025 (unless I broke lease or paid massive amounts to cancel it). Not ideal, but was in another country and work is crazy.
Aiming to have solid capital set aside to invest in a first time loan by early next year.
My question is, should I wait until end of next year to invest, assuming capital and all is aligned by early 2025, or invest in property while simultaneously paying my own rent elsewhere?