Rental property house hacking
Buy your first home using programs like first-time homebuyer tax credits (e.g., the $8,000 Obama credit), live in it, then use the savings or credit to buy a nearby rental property. Start with affordable properties in college towns or secondary markets. The speaker bought a $90,000 house in Tuscaloosa, AL, used the $8,000 tax credit to buy a second rental property, and grew from there to multiple rental houses.
Startup Budget
$5K – $50K
Difficulty
Beginner
Business Type
Offline
Location
Suburban
Time Commitment
Part-time
Revenue Potential
$500-$3000/month
Skills Needed
Watch the Full Breakdown
Watch on YouTube — Chris Koerner
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