This would be a good idea if you want to pull any cash out to buy another property.

House hacking can be a great way to reduce living expenses and get started in real estate.To decide if a property is a superb investment for house hacking, conduct a economic analysis with the aid of calculating capacity cash drift, thinking about financing alternatives, and evaluating the return on investment (ROI).

It can bring in steady cash, help you build wealth, and mix up your investments.

@Nathan DarcyFile eviction and offer cash for keys

We do this because their cash flow is good.

We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow. 

Purchase price: $36,000 Cash invested: $5,600 Contributors: Jake Burkons Happy to obtain my first rental asset!!

Hey @Joseph Ducharme, congratulations on finding a great cash flow deal!

If you could help them by buying their house, treating them fairly, and providing the cash they need, doesn't that sound like a win-win deal?

If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable) Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Rent Roll (NEEDED FOR PREAPPROVAL): We’ll need to get an understanding of the current cash flow of the property.