Paying off a chunk of that 7.3% mortgage is essentially a guaranteed return at that interest rate.

They are essentially giving the property to you at fair market price, so someone is going to need to pay taxes on that fair market price.

Investors need to factor in zoning regulations and parking requirements, which are essential for smooth permit approval.

You'll have a bigger footprint to add cool design elements and offer more amenities to guests. 

Warmer' Winters: While we still experience snow, the winters here are generally milder compared to New York.Growing Market: Nashville is a booming city with an insane housing market, presenting countless opportunities for real estate investment & House Flips.We also seized the opportunity to buy a beautiful foreclosure home for $775k, which is essentially a mansion with incredible value/equity (Worth $1.3M).

Essentially, we would like her to be able to be hands off and I’ll take care of it all. 

It's also essential to factor in your financing costs and ensure your cash flow projections align with holding costs.

Essentially anywhere other than Hartford or Waterbury.

House hacking can certainly be a great way to build equity and reduce living expenses, but it’s essential to have a cushion in case your rental income doesn’t come in as expected or renovations take longer than planned.

Not everyone will be successful in this business especially during times when people are essentially jumping on the bandwagon.