Latest / The Assumable Guy Show
Can I house hack a home with an assumable mortgage?
Ryan opens this one personally. He built five properties in Colorado Springs starting on a $35,000 social worker salary by house hacking, and then rates tripled and the math stopped working. The rent no longer covers the payment at 6.5%. That is the whole problem. This episode is about how an assumable mortgage fixes it. He runs the numbers on a $450,000 property with a $400,000 assumed loan at 2.75%: payment comes out to $1,633 a month, a tenant pays $1,400 for the basement unit, and the buyer is covering $233 a month to live in their own home. The same house with a conventional loan at…
The skinny
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