In part one we discussed my clients, Steve and Cheryl, who doubled their money using the house hacking technique in purchasing, managing, and living in one unit of their fourplex multi-family property.
House hacking is purchasing a two to four unit multi-family residential property, living in one of the units and renting out the others.
You too can be a house hacker if you have the passion for becoming a real estate investor and the fortitude of being a landlord.
The financial side of house hacking in Napa
If you find the right deal in the right location, you could have the tenants’ rent cover your monthly loan payments or more. However, in Napa, this could be difficult as we shall see why.Read More