House Hacking in Current Market

[Kendrick Pratt]

Hello everyone! 

As we are seeing inflation rise, prices go up, and the cost of housing staying consistent. Would house hacking be a great idea right now? 

A little bit about myself real quick, I am looking to use a VA loan to purchase my first home in the DFW area with little to no money down, and I was thinking if i could find one or two people to "rent rooms," from me to either reduce my payment or pay my mortgage for me, while i live in the house also.

When using the VA loan I know that I have to live in the house as a primary residence for a year before I can transition it into a rental property.

I was interested in hearing everyone's thoughts on this.

Thank you very much! 

[Tim Johnson]

Aside from personal or family reasons.... is there EVER a time (from a purely financial perspective) when house hacking doesn't make good sense? Go for it.