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You are paying $2,400 a month in rent to make your landlord a millionaire Here is how to flip the whole setup so three tenants pay your mortgage and Chase pays for the renovation at 0% Your rent check is the dumbest wire leaving your bank account on the 1st of every month Right now, if you have a 720+ credit score and $21,000 in savings, federal FHA rules let you buy a $600,000 four-unit apartment building with just 3.5% down as long as you live in one of the four units for 12 months Look at the exact ledger on a $600,000 fourplex before and after you renovate it with the bank's 0% money: - Purchase price: $600,000 - Your 3.5% FHA down payment: $21,000 - Total monthly mortgage, property taxes, insurance, and mortgage insurance: $4,700/month - Unit 1: You live here for $0/month - Units 2, 3, and 4 (outdated): Renting for 1,450/montheach(4,350/month total) - Units 2, 3, and 4 (after a 30-day cosmetic rehab and furnishing Unit 4 for traveling nurses): Renting for $1,950, $1,950, and $2,600 = $6,500/month Your three tenants now pay your entire $4,700 mortgage every month, you live in Unit 1 completely free, and you pocket 1,800amonth(21,600 a year) in extra cash flow while owning a $600,000 building The only reason normal people fail when they try to house-hack a fourplex is that putting $21,000 down plus closing costs drains their personal checking account, leaving them with $0 to renovate the other three units, buy stainless steel appliances, furnish the nurse unit, or cover a broken AC Put a $60,000 renovation on your personal Chase Sapphire or Home Depot card at 24% interest and your personal credit score drops 75 points while the interest eats all your rent profit Here is the 6-step sequence sophisticated buyers run instead: 1. Get pre-approved for the FHA 4-unit mortgage with your 720+ personal credit score first. Do NOT apply for a single credit card before or during mortgage underwriting, because one new hard inquiry before closing will make the mortgage underwriter freeze your loan 2. Pick a 3-unit or 4-unit building where 75% of the appraiser's market rent schedule covers the monthly mortgage payment (the FHA self-sufficiency test) 3. Sign the closing papers at the title company and get the keys in your hand 4. The afternoon your mortgage closes and records, go online and register a property management LLC on your state website for $100 and grab a free IRS tax ID (EIN) in 5 minutes 5. Under that new LLC, unlock $150,000 to $200,000 in 0% APR business credit cards across Chase Ink Business Unlimited, Amex Blue Business Plus, US Bank Triple Cash, and Wells Fargo Signify for 12 to 18 months 6. Put 100% of the LVP flooring, quartz countertops, paint, Home Depot material orders, stainless appliances, and mid-term rental furniture onto those 0% business credit cards Look at what that sequence gives you at the same time: - You keep your remaining personal cash untouched in your checking account as an emergency safety net - Putting $65,000 of renovation materials and furniture on Chase and Amex prints you over 130,000 tax-free credit card points - Because those commercial business cards only report to corporate bureaus like Dun & Bradstreet, zero dollars of that $65,000 balance ever show up on your personal Experian, Equifax, or TransUnion credit report - Your personal FICO score stays above 730 the entire year Over the next 11 months, the $1,800/month rental surplus plus your old 2,400/monthrentsavings(4,200/month combined) pays the 0% business cards down before the bank ever charges you a penny of interest And on day 366, FHA rules let you move out of Unit 1, rent Unit 1 out for another $1,950/month, and use your clean personal credit report to buy fourplex #2 The trap when people try to open those 5 business cards after closing is applying in random order, because once two banks pull the same credit bureau on the same morning, velocity filters cap your limits at $10,000 instead of $180,000 (If you have a 700+ credit score and want my team to build your 150K-250K 0% funding stack, book a call using the link in my bio)