All Forum Posts by: Mark Pantalone

House hacking will help out significantly and there are a ton of resources on this forum and website. I would highly suggest 50/50 partnership with a family or friend or if possible do 3 people in on the deal. No matter what it gives you the experience the confidence and the hands on experience to do it again. Most importantly if you are young or old it saves you a substantial amount of money.

Why cant you 1031 exchange into a large duplex?

Check out these two websites for more information on house hacking

1. https://househackingsuccess.co...

2. https://investingwithahousehac...

both offer great stories and resources!

Definitely buy a single-family if you have the equity to do so. There are still a lot of possibilities to add value and force appreciation (maybe finish an attic or basement to add baths or bedroom etc) o make money. depending on the area you can still rent out the Garage, a parking spot, or build an adu unit or basement unit/ dwelling. overall buy undervalued below-market priced houses that need to be modernized or simple fixes in an appreciating town with a 3 year exit strategy or less. finding and getting a deal accepted is not easy in some markets you have to do 12 before you make it past the finish line. Here are some ideas to learn more https://investingwithahousehac...

I am doing a house hack and highly recommend it to anyone. I hope in early 2021 I can be in a new one. I recently came across this site that seems new and has some good beginner content around house hacking = www.investingwithahousehack.co... . I like the site since it talks about different forms of house hacks to consider to maximize the ROI.

You might be able to do less than 20% without PMI, but shopping around to different lenders is always best. Be aggressive with that and home insurance. You can always refinance later. It is always important to have enough of a reserve with unknown problems that might come up or tenants leaving.

I would recommend a 4 unit if possible and live in one unit since it has a higher chance of offsetting your expenses. of course, it all comes down to the numbers and due diligence.