House Hacking versus Nomad™ – 2017 Edition


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