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House hacking a 2-unit property can be a smart strategy for building wealth and reducing living expenses. Here are some key points to consider: Financial Benefits: By living in one unit and renting out the other, you can significantly offset your mortgage payments. This can help you save money or pay off your mortgage faster! Financing Options: Various loan programs, such as FHA loans, VA loans, and Freddie Mac’s Home Possible program, offer favorable terms for purchasing multi-family properties. These often require you to live in one of the units as your primary residence. Long-Term Strategy: House hacking can be a great introduction to real estate investing. Many people use the savings and experience gained from house hacking to invest in additional properties.
yesterday | Listing first seen on site | |
yesterday | Listing updated with changes from the MLS® |
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