House Hacking with Low Down Payment and Government Programs
Buy your first home with minimal money down (as low as 3.5%) using FHA or similar government-backed loan programs, negotiate to avoid PMI by pushing the bank for alternative loan packages, and use government grants or tax credits (like first-time homebuyer credits) to fund additional investment properties. The speaker bought a $90K home at 3.5% down using government grants and savings from a serving job, then used an $8K first-time homebuyer tax credit to purchase a second rental property nearby.
Startup Budget
Up to $5K
Difficulty
Beginner
Business Type
Offline
Location
Anywhere
Time Commitment
Part-time
Revenue Potential
$500-$2K+/month per rental property in cash flow. Long-term equity appreciation.
Skills Needed
Watch the Full Breakdown
Watch on YouTube — Chris Koerner
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