If you are looking to get ahead financially through real estate, let me tell you about a way through what they call “House Hacking”.

 

It’s essentially buying a duplex, triplex or quadplex property to live in while your tenants rent the other units. This may also be accomplished with a single family home as well.  Financing is available with an FHA loan as low as a 3.5% down payment. There may also be other options with no money down financing as well.  The key is, remember you need to live in one of the multiple units or rent out rooms in your residence.  Your tenant’s rent needs to cover all or most of your mortgage and expenses.  

Let me help you identify a property that can get you started on homeownership. For more information, call Patricia “Eileen” Collett at Palm Real Estate (727) 410-5606 or contact us.