What is House Hacking?
House hacking is when you live in one unit of your investment property. Then you have tenants from the other units pay your mortgage and expenses. It’s a great first step in real estate investing. Which can lead to financial freedom.
House Hacking 101
How does House Hacking work?
Financial Planning
Even if you’re years away from buying. It’s never too early to start a strategic savings plan.
There are wonderful lending programs with as little as 3.5% down. It is important to work with lenders who have experience in multi-units and understand the dynamic sales process that comes with house hacking. Once all possible financial options are determined, we run the numbers for the properties so you can make the best decision for your investment.
Education
Being a landlord is similar to taking a second job. While it can be gratifying, it is essential to stay current and compliant with property and tenant laws. When you partner with Sarita Sells, you gain access to buyer's seminars and resources to support your investment.
Property Search
Chicago offers a diverse selection of buildings in many of its neighborhoods. By attending showings of properties you will gain a better understanding of the market and all it has to offer. Showings also allow you to envision your future while being able to ask questions in real-time. During each showing, we discuss renovation strategies to maximize your after-repair value. We set up a search for you to receive listings for properties that fit your needs. Additionally, you will have access to our exclusive off-market and "coming soon" listings prior to being added to the MLS. Along with our insights, these resources will give you an advantage over the competition.
Pro-forma
A Pro-forma analysis is a set of calculations used to project financial returns on your investment property. It also estimates revenues, incurred costs, and financial gains. Completing a Pro-forma analysis is the most effective way of determining if you can secure a mortgage low enough to live for free in your property. Each client will have a Pro-forma set up for their individual needs. We will show you how to leverage a Pro-forma to maximize your financial gains.
Analyzing Properties-
Multi-units are a popular investment option and can offer rental rates below market value. We will help you analyze the property for its full potential and create a strategy for growth. The goal is to ensure that your property remains profitable even after you are no longer living in it.
Check out our Buyers page to learn more about the buying process.
Off Market Listings
Off Market Listing, sometimes referred to as pocket listings, are a great way to beat the competition in Chicago.
Top Picks
Each week we send top picks in Chicago. We analyze the property to understand the full potential.
First Looks
Sarita Sells buyers get a first look at properties coming on the market giving you an advantage over the competition.
