House hacking is a fantastic way to start building wealth while minimizing risk.

I never go off of a flat percentage on anything, I analyze the costs to get to a specific return I target and analyze the risk that is involved. 70% may be an initial metric to see if it is even worth pursuing, but every deal should be evaluated independently based on costs, time and risk involved.

Umbrella insurance can be a smart way to shield yourself and your partners from potential risks that basic policies might not cover.From what I’ve heard, local insurance agents familiar with investment properties in your area are a great starting point.

However, it is a potential nightmare for your parents since they are taking a risk. 

If you’re just starting or want to minimize risk, house hacking is a killer move—grab a duplex, live in one unit, rent the other, and let it pay down your mortgage while you scale up.

It was a big risk and I nearly missed.  

You need to know how to manage risk. 

Long-term leases are less operationally complex and face fewer regulatory risks - more stable and scalable option.

They recognize the buyer can destroy the seller credit, but they are in such dire straights that the risk is justified 2) the seller knows the buyer and has so much trust in the buyer that they have every confidence that the buyer will perform on the loan.From a buyer, it provides a means to get an interest rate from NLT q1 2022 that is a fraction of today’s rate.  

As I mentioned every person and their criteria is going to require a different loan program and each loan gets risk graded based on several factors.