All Forum Posts by: Xavier A. Malave

 Chris Lopez! Thanks Ben

Paying only half the mortgage is probably still better than renting, are you accounting for principal paydown and tax savings?

I would still consider it a successful househack if you lower your monthly living expenses, in this market you have to find a unicorn to live for free.

Alternatives if you have more cash could be to buy a more run down property and renovate it as you househack. Chances are a fixer-upper is cheaper and may lower your monthly expenses more so.

@Xavier A. Malave I'm a local agent here in SA and most right now if its a duplex you still will have to pay about half now if you go up into the 3-4 you have the potential to be closer to $0 monthly payment. Reducing your amount for housing is the main goal and then you will adjust and grow in your investment journey. 

@Xavier A. Malave what I hear you saying it that you want to buy a single family Home and make it into a MF Quadplex, is that correct ?

Or are you saying you want to buy an existing quadplex and have one unit as your personal residence and the remaining 3 as rental units ?

Xavier, 

Like many others mentioned, be cognizant of the self-sufficiency test if you want to put 3.5% down on a 4 unit with FHA financing.

Find an agent in your area that works with house hackers and find a lender who is familiar with the house hacking strategy. These individuals will better understand your goals as well as your incentives/constraints for what you're trying to pursue. 

All the best! 

Hey Xavier! 

I recommend using Agent Finder to match with a local agent who can help you find, analyze, and close your next deal. It's free for you to use and you can see the reviews from other BP users about the agents. Hope it helps!

@Xavier A. Malave have you spoken with @John Steffen he and his brother operate in the San Antonio area.  @Robert Finn is also one of top agents in San Antonio.  Several networking groups also meet in the area so get plugged in and connect with some people and you'll have a great network before you know it.