@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.

I’m definitely working hard to create a solid foundation for both my family and my investments, and it’s encouraging to connect with like-minded people who are exploring real estate as well.You’re absolutely right about Section 8 housing, the stability of cash flow is definitely a big draw for me, especially with the U.S. market being more accessible in terms of affordability compared to Canada.

House hacking in Chicago can be a game-changer—letting you live for free (or close to it) while building wealth through real estate.

Wow, what a rollercoaster 2024 was for the housing market.

If I am house hacking then what should be the insurance.

Of the conversations I have had with people discussing hard money lending, some seemed opinionated in that the high interest rates and terms were enough to scare them off.

You will be able to get higher leverage, better rates, etc once you have more experience!

@Jonathan Baptiste Have been house hacking before it was a thing, 29 years to be exact.

Fixed at 3.5 for ten years variable after that up to 10.50 with 2 point max every two years.

To fund your next deal, explore conventional loans (15-25% down), FHA loans (3.5% down for house hacking), DSCR loans (based on rental income), or HELOC/cash-out refinance if you have equity.