This is the part of house hacking most people never hear. š¤Æ
When you buy a duplex to live in, lenders can count roughly 75% of the market rent from the second unit as your qualifying income. So if that unit rents for $2,400, that's around $1,800 a month added to your application.
That extra income can be the difference between qualifying for a single condo or qualifying for a two unit property where a tenant helps pay your mortgage every month. More property, more help, same paycheck. š
Pair that with 3.5% down FHA and the math starts working for people who thought ownership was years away. š
Comment "QUALIFY" or text me and I'll connect you with a lender who can run your real numbers.
š² 562-600-9793
š§ Ray@Mira-RealEstate.com
šø @raymiramontes_realestate
Ray Miramontes, Circle Real Estate
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