Tracewater Homes Podcast Ep.11 | House Hacking: Buy a Brand New Duplex, LIVE FREE

Discover how easy it is to become a homeowner and generate income with the Trace Water Homes duplex plan. Many young people believe homeownership is out of reach, but this episode explains why that isn't true.This plan, called "House Hacking," allows you to live in one side of a brand-new duplex and rent out the other side. Learn about the four-step process, which includes finding an R2 zoned lot, securing financing with conventional, FHA, or 100% VA loans, and the design and build process.Key takeaways include:  * **Financing:** Conventional loans require 5% down, FHA is 3.5%, and VA is 100% financing for a primary residence duplex.  * **Buying Power:** Lenders can use 75% of the projected rental income from the second unit to help you qualify for a higher loan amount.  * **New Construction:** The duplexes are brand new, which minimizes maintenance headaches and leads to lower insurance costs. They are built with high-quality, durable materials, including steel framing and specialized siding/roofing.  * **Versatility:** The duplex can be used for long-term rentals, short-term rentals, a second home, or for multi-generational living with family next door.Brent, who currently lives in the Tracewater Homes duplex plan, shares his personal experience and how this opportunity can be a great first step into real estate investing, helping you build long-term wealth.