ilmscore | Real Estate Investment (House Hacking Strategy) Predictions
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By house hacking, then moving out and converting the property to a rental while retaining the 30-year fixed rate mortgage, investors can create a 'domino effect' to acquire additional properties. Utilizing a Home Equity Line of Credit (HELOC) on the first property before moving out will provide funds for future rehabs or purchases.
"you move out and turn it into a rental your 30-year fixed rate mortgage stays on that property... th..."
Oct 9, 2024
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