Jan 28 2025 22 mins 2
Can you still make house hacking work with 6%+ interest rates?
Join us as we analyze a recent Denver duplex purchase that proves it’s possible. We break down how a 28-year-old professional transformed his $2,800 Seattle rental payment into an investment opportunity in Arvada, using creative financing and Section 8 strategies.
Through this real-world case study with Jeff White from Envision Advisors and Troy Howell from Nova Home Loans, discover how a $655,000 side-by-side duplex became an affordable stepping stone to real estate investing with just $35,000 down.
Key insights from this episode:
- How to acquire a duplex with only 5% down while securing $18,000 in seller credits
- Using Section 8 rental rates of $2,874 per unit to maximize cash flow
- Strategic options for living arrangements: solo vs roommate scenarios
- Why proper tenant screening and property optimization matter more than interest rates
- Building long-term wealth through forced savings and principal reduction
For both first-time buyers and seasoned investors, this episode demonstrates practical strategies for making high interest rates work in your favor. Learn how to structure deals that reduce living expenses while building long-term wealth.
Ready to explore house hacking opportunities? Join our monthly meetups or schedule a strategy session to analyze deals that fit your goals.
Timestamps
(00:00) Intro
(03:45) Property Overview and Deal Structure
(07:45) Analyzing Cash Flow and Living Costs
(13:06) Exploring Roommate Options and Cash Flow Strategies
(18:22) Final Thoughts and Key Takeaways
Links from Podcast
Nova Home Loans: https://troyhowell.novahomeloans.com
Troy’s House Hacking Spreadsheet ➡️ https://bit.ly/househackspreadsheet
Connect with our Guests:
Email Troy Howell: [email protected]
- LinkedIn: Troy Howell
Email Jeff White: [email protected]
- LinkedIn: Jeff White
Who is Nova Home Loans?
For over 40 years, we’ve been focused on helping homeowners find the perfect loan to fit their financial needs and personal goals. Working with NOVA is a personalized experience from initial application to final loan closing and beyond. We will be with you every step of the way toward successful homeownership. Start working with NOVA & Troy Howell today!
NOVA FINANCIAL & INVESTMENT CORPORATION, DBA NOVA HOME LOANS NMLS 3087/ EQUAL HOUSING OPPORTUNITY/8055 EAST TUFTS AVENUE, SUITE 101/DENVER, CO
