Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

8
Posts
7
Votes
Evan Rumble
7
Votes |
8
Posts

Good practices for first investment (house hack)

Evan Rumble
Posted

I am moving towards my first investment, and it will be a house hack. I am looking to use this to propel myself into future rental property investments, many of which will not be house hacks. 
What will be some of the main differences between a regular multi-family rental investment, and one that I am house hacking.
Also, are there any good practices I should implement that will pave the way for future investments, that won't be house hacks; Otherwise, any practices that will at the very least prevent me from creating bad habits, systems, business model, etc. 

I will give an examples of some advice I have already received. I have been told that when house hacking, you should "pay yourself rent". This more accurately mimic what it will be like when you eventually move out. 

Please, let me know if the question needs to be better articulated.

Thanks!

Loading replies...