House Hack Colorado Springs | Renjoy
Concessions are a great way to make buying a home less expensive. There are a couple of ways you can use concessions and a couple of ways to get the seller to offer them. Here is an overview of concessions. If you are able to negotiate concessions for the purchase of your house hack, here […]
How to Negotiate and Use Seller Concessions Read More »
When it comes to managing tenants, the dynamics can sometimes be complex, especially when you’re living with friends. In Colorado Springs, I have house hacked several homes with over 20 different tenants/friends. Navigating house rules, rent payments, and other responsibilities while maintaining a friendship requires a delicate balance. Below are some effective strategies for
The Art of Tenant Management Read More »
Not being able to find tenants is one of the biggest fears beginning house hackers have when they first get started. We will guide you through the process of reducing risks and saving time in your quest to find the perfect tenants. We understand the anxiety that comes with vacancies, but with the right strategies,
How to Find Tenants for Your House Hack Read More »
I just got PMI removed on one of my properties and it was incredibly easy! It will save me thousands of dollars over the next 10 years. If you are a homeowner with a mortgage that carries Private Mortgage Insurance (PMI), you can get it removed once your home has appreciated enough that your loan
How to Get PMI Removed Read More »
CHFA Down Payment Assistance: What You Need to Know For many Coloradans, buying a home may seem out of reach due to the high costs associated with a down payment. Fortunately, the Colorado Housing and Finance Authority (CHFA) offers down payment assistance programs to help first-time homebuyers achieve their dream of homeownership. CHFA believes in
House Hack Without a Downpayment Read More »
One of the major considerations when buying a home is the down payment. A down payment is the amount of money you pay upfront when purchasing a home. It is a percentage of the home’s sale price, and the rest of the payment is usually financed through a mortgage loan. There are different options for
House Hacking Loan and Downpayment Options Read More »
When looking for a good house hack I consider a couple things. Will it reduce my cost of living when compared to renting? What is my net worth ROI on my downpayment and is this better than other investment opportunities I have access to. Your Net Worth ROI calculation takes into account the appreciation, loan paydown,
House Hacking: What to Look for and How to Calculate ROI Read More »
It has become increasingly difficult to cash flow with house hacking. Despite this fact, the return on your investment (ROI) is incredible enough that it still warrants exploring buying real estate with the house hacking strategy. Home prices have increased substantially in the last couple years and interest rates have doubled. It is difficult to
Is House Hacking Worth It? Read More »
House hacking has become an increasingly popular way for people to get into real estate investing while minimizing their living expenses. The basic premise of house hacking is to purchase a property and rent out a portion of it while living in the remaining space yourself. While there are many benefits to house hacking, one
How Long Do You Have to Live in the House Hack? Read More »
House hacking is a great way to get started in real estate investing. It can be a great way to start building wealth and achieve financial freedom, but unfortunately, there are many myths surrounding house hacking that can discourage people from trying it out. In this blog post, we will debunk some of these common
Common Fears and Misconceptions about House Hacking Read More »
