Real Results

Success Stories

Real students. Real deals. Real results. See how our community members are building wealth through house hacking.

Deal Breakdowns

Real Deal Case Studies

Detailed breakdowns of actual house hacking deals with real numbers, strategies, and outcomes.

Minneapolis Triplex

Minneapolis, MN|Triplex — FHA 3.5% Down
$45,000 (Year 1)
Purchase Price
$285,000
Down Payment
$9,975
Monthly Mortgage
$2,100
Rental Income
$2,400
Monthly Cash Flow
+$300
Housing Cost
$0
Equity Built
$45,000 (Year 1)

This was Joseph's first house hack. A triplex in a solid Minneapolis neighborhood purchased with an FHA loan. By living in one unit and renting the other two, the rental income fully covered the mortgage — plus generated $300/month in positive cash flow. Within the first year, the property appreciated and Joseph built over $45,000 in equity through principal paydown and market appreciation.

Key Takeaways

FHA loan required only 3.5% down ($9,975)
Rental income from 2 units covered 100% of the mortgage
Housing cost went from $1,400/month rent to $0
Built $45,000 in equity in the first year

Richmond Triplex

Richmond, VA|Triplex — Conventional Loan
$52,000 (Year 1)
Purchase Price
$320,000
Down Payment
$16,000
Monthly Mortgage
$2,350
Rental Income
$2,800
Monthly Cash Flow
+$450
Housing Cost
$0
Equity Built
$52,000 (Year 1)

The second property in the portfolio. A triplex in Richmond's growing market purchased with a conventional loan at 5% down. The property was in a rapidly appreciating neighborhood near VCU. Rental income from two units exceeded the mortgage, creating immediate positive cash flow. Strategic improvements to the property added forced appreciation on top of market gains.

Key Takeaways

5% down conventional loan in a growing market
Rental income exceeded mortgage by $450/month
Neighborhood appreciation added significant equity
Strategic improvements created forced appreciation

Live-in Flip Example

Midwest Market|Duplex — Live-in Flip Strategy
$60,000+ (forced equity)
Purchase Price
$195,000
Down Payment
$6,825
Monthly Mortgage
$1,450
Rental Income
$1,200
Monthly Cash Flow
-$250 (during renovation)
Housing Cost
$250 during reno, $0 after
Equity Built
$60,000+ (forced equity)

This deal showcases the live-in flip strategy. A duplex purchased below market value that needed cosmetic updates. By living in one unit and renovating strategically over 8 months, the property's value increased by over $60,000. After renovation, the rental income from both units (after moving out) exceeded the mortgage, creating a cash-flowing asset built with sweat equity.

Key Takeaways

Purchased below market value with FHA financing
Strategic renovations added $60,000+ in forced equity
Renovation completed while living in the property
Converted to full rental after moving to next house hack
Student Voices

What Our Students Say

"I was paying $1,400/month in rent. Now I own a triplex, live in one unit, and my tenants cover my entire mortgage. My housing cost is literally $0."

Marcus T.

Minneapolis, MN

$0/month housing cost

"I thought I needed 20% down to buy anything. Joseph showed me how to use an FHA loan on a triplex. Within 8 months, I went from renter to landlord."

Sarah K.

Richmond, VA

+$450/month cash flow

"As a veteran, I used my VA loan benefit to buy a duplex with zero down. The rent from the other unit covers 80% of my mortgage."

David R.

Columbus, OH

80% mortgage covered

"The deal analyzer alone was worth the investment. I analyzed 30 properties in my first month and found a duplex that cash flows $200/month after living expenses."

Jessica M.

Charlotte, NC

+$200/month cash flow

"Joseph's community is incredible. I got connected with a lender, a realtor, and an accountability partner within my first week. Closed on my duplex 4 months later."

Tyler W.

Indianapolis, IN

Closed in 4 months

"I was terrified of being a landlord. The tenant management module gave me the confidence and systems I needed. My tenants are great and I'm building wealth every month."

Amanda L.

Kansas City, MO

Confident landlord