The key to this is to find a home on the lower end of your budget that’s still move-in ready. Then, you’ll move into the house and rent out a room or a level at the same time.
The rent will cover your mortgage, then you can save what you would have spent on your monthly mortgage payment for your next house!
This is commonly called house hacking because you can hack your mortgage payment and set yourself up for real estate investing success!
1. Buy a home on the low end of your budget
2. Rent out a room or two to cover your mortgage
3. Get your home loan at 3.5% vs 20% down payment
4. Save the money you would have spent on your mortgage to purchase another home