House Hack With As Little As 5% Down
/๐ค Many people get confused about the "2nd home at 20%" part. It isn't that if you are picking up and moving your family, you have to pay 20% down ๐ฐ โ it is when you are buying a rental property. ๐๏ธ
But what if you could also get a rental property at just 5% down? ๐
Here is what you do... ๐ก
โ You keep your current home as the rental ๐กโก๏ธ๐ต
โ Buy your next family home at 5% down ๐
โ And do that a few more times ๐
๐ Here's how it works:
๐ Buy a starter home at 5% down
โก๏ธ Keep it & move up
๐ก Buy the next one at 5% down
โก๏ธ Keep that & move up again
๐๏ธ And again... and again ๐
Each time you move up, it's only 5% down. This way, you're acquiring rental properties as you go, moving up in the real estate world, and doing it all with the least amount down โ which helps to free up your cash! ๐ตโจ
๐ฌ Reach out if this is something you may be interested in! We can help you determine if your current home would be a great rental property for you. ๐ฉ
