Here's the link to my free deal calculator: bit.ly/39caIy8 Connect with me more on Instagram: instagram.com/liliinvests Watch these next: House Hacking Your First Multifamily Property: ua-cam.com/video/IWutkNGNR0A/v-deo.html Tour My Duplex: ua-cam.com/video/Q6qd4SoMza0/v-deo.html Down Payment Assistance Programs: ua-cam.com/video/91OiRc3Xsww/v-deo.html
Subscribed. No bullshit you really just taught us how to do so much in less than 20 Minutes without selling us some shit book or product. Just free ass knowledge. I pray that you become the most successful black woman real estate owner known to man. Thank you for this
Awesome video! I'm currently in my 3rd house hack. I used a VA renovation loan to buy a 3/2 duplex. Mortgage is $730 and I rent the other side for $900. Those savings have allowed me to invest more money into buying more rentals! It has supercharged my investing ability.. 😎
Great video but as a licensed Realtor I just got to chime in… Right now conventional and cash are beating out FHA left and right. DPA is becoming more and more rare and most multiple offer situations won’t choose the DPA because of all the complications with DPA. I do like how you suggest living outside the cities-this would help a lot with finding a home that has no offer or less offfers. My advice would be have your Realtor ask the listing agent what the sellers are looking for in an offer-is it good terms? Is it a quick move? Is it lease back they need? This helps make your offer stronger even with the FHA.
Thanks for the FREE deal calculator. I am currently looking for a house in DC/VA area . And it is a crazy market . I enjoy your channel. Keep up the great work . Happy Investing!
We were told in the Bay Area (CA) by a lender and realtor that down payment assistance doesn't work very well because it's such a competitive market. So we are trying to save up at least 3% down plus closing costs. The market in our area is just so difficult, but I haven't given up yet. Hopefully in a year or two we can pull it off. Thanks for another house hacking video!
I live in Southern California and just became a real estate agent, but I’m also trying to do something like this to be financially free. I need to dive deep into this and figure it out 🙏🏽 Thanks for sharing your knowledge!!! God bless y!!!
I would say you don't necessarily have to own a house to house hack. So the first part of your definition is a subcategory of house hacks. You can also find a landlord that will allow you to rent a house under your name and sublet the other rooms.
also one thing to point out, when you move out the second year, just have the second tenant that replaces you pay the utility you were paying just like the first Tennant and that makes that example cash flow even more!
Lili, you forgot to mention that to rent a house by the room you need a special permit. Let's please not encourage people to do this, low income neighborhoods are infected with illegal boarding houses dropping the area values even lower. If you do it legally you cannot do it if there's already another boarding house within a certain distance from yours. Love your videos !
Out of all the videos I have seen about House Hacking you’re by far the best, easy to understand, humble, you have an amazing gift of teaching thank you
Best house hacking guide I've seen by far! I only have one question, once you've purchased a property, how do you find people to rent your space to and fast? I'm worried I'll struggle to find roommates and be stuck with a property I can't afford.
Hi Lili!! ❤️ I’ve been watching your UA-cam channel for a while now and you’re so inspirational to me. I just finished school and plan on buying my first home ever (a duplex) and house hacking for one year like you’ve done. I’ve watch so many of your videos and honestly as a first generation Latina/ american you’ve inspired me so much! Thank you for that. Lili, my question is this: I’ve been using your house hacking calculator to decide what multi family home I should buy here in Las Vegas, NV. So far none of them show a positive rei :/ (the houses here have increased so rapidly due to high Californian neighbors moving here and buying cash ) but the rent is staying around the same. I’m not sure if I’m just not doing the math correctly. Would you be able to advice me on what to do? Like would you be able to maybe take a look at this market and advice me? This would be my first home I do qualify for a morgage/ I to lender already. Thank you
Hey. I had that house under contract in Taylor MI. They would rezone it to a multifamily. So I got my earnest deposit back. I close on a sfh next week. Both kitchens needed appliances as well.
I pay way too much for my two bedroom apartment and most people pay less for a mortgage than I do to rent….sooo I want to be a home owner!!! Thank you for all of your tips!
I would love to see a follow up video of going back to the calculator and changing/adding stuff for when you are inspecting a home and closer to buying.
great vide! I searched how to analyze house hack and watched a few other videos leaving me confused and then I came across yours and wow I get it know. Thank you so much for explaining in great details to the point. I understand and I feel excited to analyze deals.
damn wtf how was that nice ass house only 114 thats wild. i subbed tho keep dropping knowledge im here for it. u should make a vid on this for someone never looked into real estate before so like start to finish what to look out for of ppl tryna get over on u cause they kno ur new stuff like that
Great video. Disagree with the local Bank/credit union. They may not even do FHA loans and do usually vanilla Loans, and slowy. I recommened using your neighborhood mortgage broker.
I noticed on the example you used, that’s selling for $70a square foot! Some junky areas in E. Stockton CA. are going for over $400 per square foot? I’m ready for this market to turn, so that we maybe able to help people own their own homes! Since I work with low income buyers, I’m unable to find them anything under $300,000. Even when you find something, then we’re on a multiple offer situation, where cash from the Bay Area buyers, will win!
I’ve been saving up for a Duplex every since I saw your first post right before closing. In April I’ll have everything I’ll need. Right now I’m working on building up a team to pull all this off but don’t know who all I need to put together. There are a lot more moving parts than I was xpecting when coming to other people in play
Hello there friend, was wondering if you could provide with a couple of answers to some questions that I have for you about your journey? I'm interested in also investing into a duplex. Aside from having a good credit, and saving up money I would like to know certain things.
@@Liliinvests Awesome! I can't wait for that video! I love how detailed you are, even with the hurdles, so that way people aren't blind sided. As a Realtor, I appreciate you giving ACCURATE information on the process. ❤
This is good for multi family housing, but what if the clients are trending towards their own privacy without sharing a house or apartment complex. I believe the market is changing and there is also some red tape around this house hack method that can surely get you in trouble legal trouble with the irs and state real estate commission.
Hey Lili, first and foremost the video was so informative! I am 23 and i am on the processes of saving up and improving my credit score to hopefully purchase a house soon. Is there any books you recommend for someone who is new to real estate investing? Specifically House hacking? A response would be much appreciated
Awesome content Lili! I’ve been a subscriber for a long time and am happy to see your channel grow so quickly. I’m hoping to house hack a duplex in California. Hard to come out cash flow positive here at all but appreciation is great.
When talking to the realtors and loan agents are you telling them about your plans to rent out rooms in the property? If so does this effect what type of loan and amount you can get?
Really great video! Super informative and easy to follow! I really hope you keep teaching because I enjoyed your video from start to finish! New subscriber here!
Can I apply for more then I down payment assistance program. Is it possible to get approved for two and use Both as down payment.is it possible to put nothing down . What if I have section 8 voucher
![How to Start House Hacking [Even in an Expensive City!]](http://i.ytimg.com/vi/orHnZTQ2OsE/mqdefault.jpg)
![How to Start House Hacking [Even in an Expensive City!]](/img/tr.png)
Here's the link to my free deal calculator:
bit.ly/39caIy8
Connect with me more on Instagram:
instagram.com/liliinvests
Watch these next:
House Hacking Your First Multifamily Property: ua-cam.com/video/IWutkNGNR0A/v-deo.html
Tour My Duplex: ua-cam.com/video/Q6qd4SoMza0/v-deo.html
Down Payment Assistance Programs: ua-cam.com/video/91OiRc3Xsww/v-deo.html
Thanks! Yay it worked 😊 I will be ready to buy April 1. Super pumped. Thanks 😊
Gud Information I know usually fha u need 575-585 credit score
Q
Subscribed. No bullshit you really just taught us how to do so much in less than 20
Minutes without selling us some shit book or product. Just free ass knowledge. I pray that you become the most successful black woman real estate owner known to man. Thank you for this
This young lady just thought a masterclass without selling all the usual BS.
Complete agree!
Awesome video! I'm currently in my 3rd house hack. I used a VA renovation loan to buy a 3/2 duplex. Mortgage is $730 and I rent the other side for $900. Those savings have allowed me to invest more money into buying more rentals! It has supercharged my investing ability.. 😎
Gotta say, just found your channel and its a breath of fresh air in the real estate investing world.
Great video but as a licensed Realtor I just got to chime in…
Right now conventional and cash are beating out FHA left and right.
DPA is becoming more and more rare and most multiple offer situations won’t choose the DPA because of all the complications with DPA.
I do like how you suggest living outside the cities-this would help a lot with finding a home that has no offer or less offfers.
My advice would be have your Realtor ask the listing agent what the sellers are looking for in an offer-is it good terms? Is it a quick move? Is it lease back they need?
This helps make your offer stronger even with the FHA.
Great video! Would love to see one about finding tenants and the issues that come up with that.
Thanks for the FREE deal calculator. I am currently looking for a house in DC/VA area . And it is a crazy market . I enjoy your channel. Keep up the great work . Happy Investing!
What link did you use! The link in prior videos didn’t work. Thanks for sharing! 😊
Also looking in DC/MD and RETWEET smh
We were told in the Bay Area (CA) by a lender and realtor that down payment assistance doesn't work very well because it's such a competitive market. So we are trying to save up at least 3% down plus closing costs. The market in our area is just so difficult, but I haven't given up yet. Hopefully in a year or two we can pull it off. Thanks for another house hacking video!
that stinks! I know the Bay Area is super expensive, but you'll figure something out :) more house hacking content coming soon!
I live in Southern California and just became a real estate agent, but I’m also trying to do something like this to be financially free. I need to dive deep into this and figure it out 🙏🏽
Thanks for sharing your knowledge!!! God bless y!!!
I would say you don't necessarily have to own a house to house hack. So the first part of your definition is a subcategory of house hacks. You can also find a landlord that will allow you to rent a house under your name and sublet the other rooms.
also one thing to point out, when you move out the second year, just have the second tenant that replaces you pay the utility you were paying just like the first Tennant and that makes that example cash flow even more!
Lili, do you have a mentor? Or are you doing this with all the knowledge you’ve learned in your free time?!
Lili, you forgot to mention that to rent a house by the room you need a special permit. Let's please not encourage people to do this, low income neighborhoods are infected with illegal boarding houses dropping the area values even lower. If you do it legally you cannot do it if there's already another boarding house within a certain distance from yours.
Love your videos !
I’m not a lawyer and this isn’t legal advice. Everyone can take responsibility for their own actions, this is a free informational overview.
Out of all the videos I have seen about House Hacking you’re by far the best, easy to understand, humble, you have an amazing gift of teaching thank you
Hey Lili! Its Morgan from last week's class. This was another super informative video, thanks for sharing!!
Thanks Morgan, I'm glad you liked it!!
This video is pure gold
Best house hacking guide I've seen by far! I only have one question, once you've purchased a property, how do you find people to rent your space to and fast? I'm worried I'll struggle to find roommates and be stuck with a property I can't afford.
Zillow!
You're a life saver! Thankyou for being straight to the point AND breaking it down with such detail!❤
Hi Lili!! ❤️
I’ve been watching your UA-cam channel for a while now and you’re so inspirational to me. I just finished school and plan on buying my first home ever (a duplex) and house hacking for one year like you’ve done. I’ve watch so many of your videos and honestly as a first generation Latina/ american you’ve inspired me so much! Thank you for that.
Lili, my question is this:
I’ve been using your house hacking calculator to decide what multi family home I should buy here in Las Vegas, NV. So far none of them show a positive rei :/ (the houses here have increased so rapidly due to high Californian neighbors moving here and buying cash ) but the rent is staying around the same.
I’m not sure if I’m just not doing the math correctly.
Would you be able to advice me on what to do? Like would you be able to maybe take a look at this market and advice me?
This would be my first home
I do qualify for a morgage/ I to lender already. Thank you
Hey. I had that house under contract in Taylor MI. They would rezone it to a multifamily. So I got my earnest deposit back. I close on a sfh next week.
Both kitchens needed appliances as well.
That is awesome!
I pay way too much for my two bedroom apartment and most people pay less for a mortgage than I do to rent….sooo I want to be a home owner!!! Thank you for all of your tips!
I would love to see a follow up video of going back to the calculator and changing/adding stuff for when you are inspecting a home and closer to buying.
Wow! Your awesome. You must have a teaching background. You broke his down really well!
great vide! I searched how to analyze house hack and watched a few other videos leaving me confused and then I came across yours and wow I get it know. Thank you so much for explaining in great details to the point. I understand and I feel excited to analyze deals.
Glad it was helpful! Stay tuned for more
Keep this video up forever plz, you are changing the world Lili! I will forever share this. Keep it up sis we love ya!!!
YOU ARE AMAZING!!!!!!!!
❤️
I'm over watching videos on House Hacking and stumbled on your goldmine of a channel. Lili You are awesome, know I appreciate you videos
Thanks!
This was awesome 👌
Thanks!
I'd like to try this , when my I reduce my debt to income
Subbed. Ty for no bullshit info :)
Got you ✊🏾
Liked, subscribed, and followed! Your videos are fantastic! I am house hacking a SFH and rent by the room soon.
damn wtf how was that nice ass house only 114 thats wild. i subbed tho keep dropping knowledge im here for it. u should make a vid on this for someone never looked into real estate before so like start to finish what to look out for of ppl tryna get over on u cause they kno ur new stuff like that
Great video. Disagree with the local
Bank/credit union. They may not even do FHA loans and do usually vanilla
Loans, and slowy. I recommened using your neighborhood mortgage broker.
Loved the video, editing , lighting, and information was on point!
You make this sound so easy
Great video ! Very good breakdown made it super easy to understand!
I noticed on the example you used, that’s selling for $70a square foot! Some junky areas in E. Stockton CA. are going for over $400 per square foot? I’m ready for this market to turn, so that we maybe able to help people own their own homes! Since I work with low income buyers, I’m unable to find them anything under $300,000. Even when you find something, then we’re on a multiple offer situation, where cash from the Bay Area buyers, will win!
Thanks Lili! Very clear explanation. I’m looking for my first property after this video!
FHA has MIP not PMI, only conventional loans have PMI. Great video I love the work keep going strong!
It’s the same thing just called slightly different names. What’s important is the concept 🙄
Splitting in utility would be on a trust base.Some people make excuses why they can't come up with there payments.
Thanks! Needed to see this breakdown :) Subscribed!
These videos are giving LIFE. Thank you!
Great job and I like your excel sheet
You Go Girl! (In my Gina voice from Martin Lawrence)
Great job I’m feel like a owner already 🙏🏾
I plan on relocating and buying my first home.. this is very helpful. I just subscribed. You are brilliant!!
What a great video. Thank you so much. I’ll be house hacking next year, so this was very helpful.
Glad to hear it!
This is my first video I’ve seen from you, so detailed, very easy to follow. Definitely will be watching more thank you for the lesson!
You are awesome! You're a great educator also! Thank you so much for this info. I'm going to buy my first investment property this year! 2023🎉
I’ve been saving up for a Duplex every since I saw your first post right before closing. In April I’ll have everything I’ll need. Right now I’m working on building up a team to pull all this off but don’t know who all I need to put together.
There are a lot more moving parts than I was xpecting when coming to other people in play
Hello there friend, was wondering if you could provide with a couple of answers to some questions that I have for you about your journey? I'm interested in also investing into a duplex. Aside from having a good credit, and saving up money I would like to know certain things.
Awesome video. Do you plan to do another house hack deal after the 1 yr is up?
Absolutely :)
@@Liliinvests Awesome! I can't wait for that video! I love how detailed you are, even with the hurdles, so that way people aren't blind sided. As a Realtor, I appreciate you giving ACCURATE information on the process. ❤
Thank you,so much on how you give us step by step. Please keep your Vids step by step.
Very interesting ways to consider!
Great video! Informative and good speed.
This is good for multi family housing, but what if the clients are trending towards their own privacy without sharing a house or apartment complex. I believe the market is changing and there is also some red tape around this house hack method that can surely get you in trouble legal trouble with the irs and state real estate commission.
Hey Lili, first and foremost the video was so informative! I am 23 and i am on the processes of saving up and improving my credit score to hopefully purchase a house soon. Is there any books you recommend for someone who is new to real estate investing? Specifically House hacking? A response would be much appreciated
Yes definitely id buy something like that. I can't wait to do it.
SO much information here, very thought through. Definitely worth watching all the way!
Notifications on too
Thank you for the content!
Could you go over what laws to expect as a Lanlord?
Very informative video🙏🏾
Awesome content Lili! I’ve been a subscriber for a long time and am happy to see your channel grow so quickly. I’m hoping to house hack a duplex in California. Hard to come out cash flow positive here at all but appreciation is great.
When talking to the realtors and loan agents are you telling them about your plans to rent out rooms in the property? If so does this effect what type of loan and amount you can get?
Thanks Lily.
Owner occupied loan
House hacking 0% down-3.5%
Commercial space with residential
(We want a low interest rate loan too)
Wow! What a great video! I must subscribe and watch more. You break the daunting process down so well.
Wow! What a well planned video full of so much valuable info! Thank you for taking the time to share :)
Could we do this and turn the other side into an STR for Airbnb or corporate housing? while still staying in the other unit.
This is absolutely a great deal. Thanks for the lesson.
Hi Lili,
You are incredible!
Subscribed while watching the first video of yours.
Have a lot to learn from you.
Thank you for the free deal calculator!
Taylor is a suburb of Detroit not Ann Arbor. Other than that you did a excellent presentation of house hacking. Thank you
Omg... what was the point in this correction, Taylor is still very close to Ann Arbor
I really like your presentations. Very straight forward and to the point. Very engaging.
Really great video! Super informative and easy to follow! I really hope you keep teaching because I enjoyed your video from start to finish! New subscriber here!
So thankful for your content! I sent this to both my siblings.
ur channel >>>>>>
Wow this was so helpful! Thank you for this video
You made this so simple to understand!
This video is so clear and professional. Great job!
A house like that would be at least 450K in Massachusetts
Great Video, thank you for your explanation of house hacking.
you can do owner financing
Awesome video Lili! 😊
Wow Lili! This video rocks. What are you using for making and editing this video? -Siv
Hi Lili, thanks for this info! Do you have a calculator for wholesale deals?
Thank you!
Awesome video! Very informative🤙
Determination is all it takes.
If I can like this more than once, I WOULD! THANK YOU SO MUCH!!!!
how would house hacking work in larger cities like new york?
This video helped me so much. Thank you so much
I sub this is a realiy good explanatiaon thank you
This was a great video. Thanks
Great video!
I am planning on buying my first home for retirement in one year from now baldo I plan on relocating
Great video, thanks for all of the great info!
Great video!!
Lily. Hi. If I live in USA less than 2 months, there is no chance to get a loan, right?
Can I apply for more then I down payment assistance program. Is it possible to get approved for two and use Both as down payment.is it possible to put nothing down . What if I have section 8 voucher
What if the property needs rehab? Will they fund it or is that considers a investment loan?
Xcited about this calculator!!!
If you want to sell, is it difficult to sell a multi use property?