Two single-family houses on one lot in Denver for $610,000. A 4-bedroom front house and a 5-bedroom back house, each with separate entrances, separate utilities, and two addresses. As a result, you get the kind of house hack property that pops up maybe one to five times a year on the MLS.
In this episode, we break down Jeff White’s 10th house hack, which closed in early May. First, Chris Lopez sits down with Jeff and Troy Howell of Nova Home Loans to unpack the numbers, the loan structure, and the strategy stack behind the deal. To start, Jeff and his wife Suleyka began their house hack journey in 2017 with a single fourplex, replacing a $1,500 monthly mortgage payment with $0. Nine years later, they’re hitting double digits. Meanwhile, Troy structured the financing at 5.625 percent with $24,500 in seller credits.
Next, Jeff walks through how he found the deal, why the listing agent picked his offer over a higher one, and the strategy stack he ran before going under contract. For example, market rents pencil at $5,800 a month. By comparison, rent by room hits $7,200. Then, Section 8 lands at $6,900. Ultimately, the sober living triple net play Jeff landed on pays $3,600 per house with the operator covering all utilities on a 5-year lease.
In This Episode We Cover:
- Why two houses on one lot is essentially a 2-for-1 house hack at $300K per single-family equivalent
- How a daily 10-minute search routine across 7 saved searches caught this house hack deal on day one
- The $24,500 seller credit that bought down the rate and covered the PMI buyout
- Why positive leverage is back in Denver with cap rates above interest rates
- House hack year 2 numbers – $2,787 monthly cash flow and 41% cash on cash
- Investor scenario at 25% down – $3,011 monthly cash flow and 11% cap rate
- Why this is the best Denver buying window since 2017 for house hackers and investors
- The $85K discount one client just got by making a “disrespectful” offer
If you’ve been waiting on the sidelines for Denver to make sense again, this house hack breakdown shows what’s actually getting done in 2026.
Watch the Youtube Video
Timestamps
00:00 – Welcome and intro to the 10th house hack
02:38 – The 10 house hack milestone starting in 2017
03:11 – Every strategy tried along the way
07:09- How to hit 10 house hacks in 9 years
08:50- The daily search routine – 7 saved searches
09:57- The property – two houses, one lot, $599K
11:18- Why the listing agent picked this offer
15:39 – Running the strategy stack on this property
-20:00 – The sober living triple net play
20:52 – Loan details with Troy at 5.625%
22:10- The $24,500 seller credit story
24:38 – Investor scenario – $3,011 monthly cash flow
29:09 – Year 2 house hack – 41% cash on cash
30:25- Positive leverage and an 11% cap rate
35:38- The $85K discount client story
36:25 – Best buying time since 2017
Links in Podcast
Jeff White: [email protected]
Troy Howell: [email protected]
- LinkedIn: Troy Howell
- Website: https://www.novahomeloans.com/loan-officer/troy-howell/
Denver House Hacking Spreadsheet
Who is Nova Home Loans?
Website: https://www.novahomeloans.com/loan-officer/troy-howell/
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
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