Cap rate pro forma 7.26%...better if you can get that $75k rehab budget downFor house hackers, it appears putting 10% down (if you could swing it) would be best.

I’m sure a lot of you know the market is booming here and it has been difficult to decide which route I should take that would make financial sense and put me in a good spot to build my portfolio moving forward.Here are the current options I’m considering: • Option 1 House Hack: Purchase a multi-family, live in one and rent out the others.

So I am able to provide guest services locally, as well as cleaning and concierge, while the owners still get to be involved but don’t have to do the hard work of driving from all over creation to come meet a plumber, electrician, put a faucet cover on for freezing temps, etc. it works well since we are like a partnership.

It works for me in Utah because there is no other way I can think of to make a house cash flow here without putting 50% down.

The only advantage by calling it a second home from a lending perspective is that you can put only 10% down on a second vs 15% for an investment property.

@Gerald Maczuga, unfortunately your gain from the sale of the property will factor in and put you over that $94K limit. 

A few questions: When they endorsed the check did they sign it "pay to the order of: and then put their name.

The least amount of cash you put in is very important. 

Im Canadian but because of the failing market here, I’d really like to put my money into the US market.

With an S-corp you are required by the IRS to put yourself on payroll, pay reasonable compensation wage, and provide yourself a W-2 along with all other necessary payroll filings.