Ep. 127 - How to House Hack Your Way to Your First Investment Property

Struggling to break into the real estate market and buy your first home? What if I told you there's a little-known, one-time strategy that allows you to buy a multi-unit property for as little as 3.5% down while living in one unit and renting the others to cover your mortgage? It's called house hacking. So how can you take advantage of this "once in a lifetime opportunity" to score your first rental property, build equity, and set yourself up for future real estate investing success? Check out this info-packed episode to uncover house hacking secrets and learn how everyday people are using this unique technique to launch their rental empires.

[00:00 - 02:31] - Introduction

[02:32 - 03:12] - Defining property types 


[03:13 - 06:34] - What is house hacking? 


[06:35 - 08:33] - FHA financing options

[08:34 - 10:26] - Conventional financing options

[10:27 - 11:47] - House hacking with ADUs


[11:48 - 13:31] - Co-signing for your kids 


[13:32 - 16:54] - Investment in your future

Key Quote: "What an opportunity to set up an investment vehicle at the age of 18, 19, or 20.” - Quinton Harris

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Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.

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