With multifamily house hacking, you live in one unit and rent out the remaining units to tenants.Why Multifamily House Hacking WorksHere’s why house hacking with a multifamily property is such a powerful strategy:Rental Income Pays Your MortgageWhen you rent out multiple units, the rental income from your tenants can cover a significant portion—if not all—of your mortgage payment.

Once you have the equity in hand, you will have multiple routes to explore, it's just a matter of time when and how you liquidate!

Debt Consolidation: If a business has multiple loans with varying terms and rates, consolidating them into a single loan with a better DSCR can simplify repayments and potentially lower overall interest costs.5.

Consider an Installment Sale: By structuring the sale to receive payments over multiple years, you can spread the capital gains tax liability over time, potentially keeping you in a lower tax bracket each year.11.

@Paul BogardTo rent out multiple bedrooms in Philadelphia, understand zoning regulations, consult a knowledgeable real estate agent, hire a property manager, and consider multi-unit properties, student housing, and co-living spaces.

If they're late multiple times and or declared bankruptcy, then I would expect them to continue, unless they can provide some clear explanation.If you're having problems renting, it is either a pricing, condition or marketing issueGood luckGino

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Example: A borrower has a $25,000 student loan balance and you multiple it by 5%, which equals $1,250.

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

We are a few friends from California looking to invest in multi family real estate in Ohio. Initially, we were thinking to make an LLC. For LLC, we need to register in Ohio and California. If we don't go the LLC route...