HOLLIDAY AND CO BLOG

We are incredibly excited to share with you all of our house hacking tips. Our first one is guaranteed to not only save you money… It will also help pay your mortgage for you every single month! Did you know that you can purchase a multi-family property as your primary residence? If you purchase a duplex, triplex, or fourplex as your primary residence, you no longer have to put down 25% AND have an additional 6 months of reserves in your bank account the day of closing.  When you buy one of these properties as your primary, you can put down as little as 3-5% because it will be your primary residence. Now you lock into a primary home interest rate. And you can use the other units monthly rental amount towards your mortgage to qualify for a higher amount. 

Buying real estate is a game of stacking. There’s a golden rule we often discuss with home buyers throughout the Treasure Valley area… If you can't afford what you want now, the best way to get there is to buy what you CAN afford, improve it, then sell it and buy MORE real estate. OR…Instead of selling it, our particular favorite and what we’ve personally done… After remodeling the kitchen, bathrooms, flooring, paint, etc… If the numbers make sense, rent it out! We bought our first two homes with the end goal in mind that we’d be putting renters in when it was time for us to level up. Rinse + Repeat It’s really that simple! If you do this a few times, you will slowly but surely become closer to your goal of three things— financial freedom, increasing your

It’s easier than you think and we’ll explain why! Imagine owning a cozy mountain retreat or a tranquil lakeside cabin in a place you love to travel to often. Not only will you have the perfect getaway whenever you please, but you can also turn it into an incredible investment opportunity. Here's why you should consider it: ONE | Relax and Disconnect: Picture yourself sipping your morning coffee on a quiet mountain deck, or strolling along the lake at sunset. Your own slice of paradise awaits, where you can truly relax and disconnect from the hustle and bustle of everyday life. TWO | Income Potential: When you're not visiting your dream home, why not let it work for you? Rent it out to travelers seeking the same experience you fell in love with. THREE | Tax Benefits: Owning a second