Citizens Bank One Deposit Checking vs House Hacking

Citizens Bank offers the One Deposit Checking account, which is designed to be simple and easy to use. It is a great option for beginners who want a bank with a significant physical presence in the Northeast. With a single deposit each month, you can waive the monthly maintenance fee, making it a very accessible option. Citizens also has a solid mobile app and a good network of branches and ATMs....

House hacking involves purchasing a multi-family property (2-4 units) or a single-family home with extra rooms, living in one part, and renting out the others. This strategy is the gold standard for beginners because it allows you to utilize FHA or conventional owner-occupant financing, which requires significantly lower down payments than investment properties. By having tenants cover the majorit...