House Hack
Many people get confused about the "2nd home at 20%" part, it isn't if you are picking up and moving your family that you have to pay 20% down, it is when you are buying a rental property. But what if you could also get a rental property at 5% down?
Here is what you do...
You keep your current home as the rental, and buy your next family home at 5% down, and do that a few more times.
You could buy that starter home at 5% down, then you keep it and move up. Then you keep that, move up again and each time you move up it is only 5% down. This way you are acquiring rental properties as you go, as you move up in the real estate world, and doing it all with the least amount down which helps to free up your cash!
Reach out to talk to us 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.