What is the difference between Nomad™ and house hacking? Which is better? How so? Can I do both?
In this class you'll learn:
- A side-by-side comparison of what Nomad™ is versus what house hacking is
- Why you might decide to do each (or both)
- Some math as to why you might want to Nomad™
- A deep dive into looking for unicorn deals
- An example of what house hacking looks like in NoCo with an example
- An example of what Nomading™ looks like in NoCo with a client example
- A deep dive into negative cash flow and "financing your down payment" over time
- How roommates can fund down payments with house hacking
- Nomad™ loan basics including recommended order of loans and using roommate income to qualify
- A deep dive into occupancy limits and the devastating impact on house hacking (occupancy laws for Fort Collins, Loveland, Windsor and Greeley discussed)
- The ridiculously over-the-top financial repercussions of non-compliance with occupancy laws... or, as I like to call it, *sarcasm* what's throwing away $1,000 per day per person in violation fees anyway? *sarcasm*
- Median rents and what roommates might pay for rent when house hacking
- Screening tenants and roommates leases
- Property selection when buying
- Plus much more
Duration: 1 hour and 37 minutes
Recorded: September 6, 2017
Instructor: James Orr