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Updated 7 months ago on . Most recent reply

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12
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Ben Stanley
  • Florida
11
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12
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How do you know if you have stable enough income for House Hacking?

Ben Stanley
  • Florida
Posted

Just joined these forums so hopefully this is in the right thread.

I work freelence and W2 work and I want to invest in real estate next year. The main thing that has held me back in the past is that my income can sometimes be turbulent with the nature fo work I do. 

What would you say is the correct way to gauge if your income is solid enough to invest in a house hack? I was thinking having extra saved would help as well.

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Chris Seveney
  • Investor
  • Virginia
15,407
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Ben Stanley

I would assume you get zero revenue from anyone else and be able to afford the home yourself by getting qualified at a local lender

If you are solely relying on someone else as well without a reserve your level of risk just increased significantly

  • Chris Seveney
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7e investments
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