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Owned by Joseph

A community for first-time home buyers and early investors who want to house hack, eliminate rent, and build real wealth through real estate.

2 contributions to House Hacking Academy
Introduction & Question
Hi, group. I am a single mom living near Denver, Colorado. I'm excited to learn from this group. I started renting rooms in my home (3 renters) in April of 2023 and it's gone very well. (It's been a great way to make my mortgage affordable after divorce so I can spend more time with my 5 yr old.) Now, I'd like to expand by 1) finishing my basement and adding a renter there and 2) adding a tiny home for a renter in the backyard. (And, move the renters out of the inside of my house.) My expansion road block is funding- I'm looking into private wealth investor funders, a personal loan or 0% business funding as options, but I have some many questions about these- can anyone help! (I have a great personal credit score, but a very high debt to income ratio, no inequity in my home and a lot of business LLC unsecured debt so banks are turning me down for business credit/loans to do these construction projects.) Thanks! (FYI, I have a tiny home investor deal to share as well.)
0 likes • 10h
Welcome! You’re actually already house hacking, so you’re starting from a great place. Three renters helping cover the mortgage while allowing you to spend more time with your daughter is exactly the kind of flexibility house hacking can create. Before getting too deep into financing, I’d first figure out which expansion option is actually feasible and what each one will cost. For the tiny home/ADU, Colorado has become much more ADU-friendly, but I would still start with your specific city/county zoning department. Being “near Denver” can mean several different jurisdictions. Confirm that an ADU is allowed on your specific lot, what type is allowed, size/setback requirements, utility requirements, permits, and whether what you’re calling a tiny home would actually qualify as a legal dwelling unit. Some areas only allow you to rent the main house or ADU not both. I wouldn’t spend money on plans until you know exactly what the jurisdiction will approve. The basement may end up being the easier project. If the space already exists, framing, electrical and water supply can often be fairly straightforward. One of the first things I’d investigate is the sewer. If you’re adding a bathroom and there isn’t already a drain where you need it, cutting concrete and tying into the existing sewer can add quite a bit to the project. I’d also confirm ceiling height, egress, fire separation, HVAC and permitting requirements. Once you know something like “the basement will cost $40k and should rent for $1,400/month,” THEN I think it makes sense to figure out the best financing for that specific project. With your current DTI and unsecured business debt, I’d be careful about piling on expensive personal or business debt just because someone is willing to lend it. 0% business funding can sound great, but you really need to understand the promotional period, fees, payments and what happens if the project runs long. If you want, post roughly where you're located (city/county), your basement setup, estimated project costs and what you think each new unit could rent for. We can start breaking down the two options and see which one makes the most sense.
Welcome to House Hackers Academy
If you're here, you're not just “interested” in real estate. You’re tired of paying someone else’s mortgage. You’re ready to own smarter. You’re ready to turn your first property into a wealth-building machine. This community exists for one reason: To help you buy your first 2–4 unit property and build real equity, real cash flow, and real momentum. No hype. No Guru nonsense. No “get rich quick.” Just a proven, step-by-step system built around: • Financial readiness • Smart market selection • Deal analysis mastery • FHA & VA strategy • Strong offer structure • Professional tenant systems • Live-in renovation strategy • Long-term wealth building You are going to learn how to: Live in one unit. Rent the others. Lower your housing cost dramatically. Build equity every single month. What Happens Next Start here: 1. Go to Module 1: The House Hacking Mindset 2. Download our checklist for reference 3. Run your personal numbers. Then come back and post: 👉 What city are you targeting? 👉 What’s your current monthly rent? 👉 What’s your biggest obstacle right now? I’ll personally respond. This is not a spectator community. If you want to buy in the next 6–12 months — you're in the right place. If you're “just browsing” — you won’t get much value. We reward action. We celebrate closings. We analyze real deals. We build real wealth. Your first house hack changes everything. Let’s get to work. – Joseph
Welcome to House Hackers Academy
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Joseph Williams
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4 points to level up
@joseph-williams-1246
House Hacking Coach

Active 10h ago
Joined Mar 2, 2026
Virginia