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Updated about 8 years ago on . Most recent reply

Reginald Dearmon's profile image
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Reginald Dearmon
  • from Houston, Texas
  • Member since Jan 5, 2016
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Reginald Dearmon
  • from Houston, Texas
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Reginald Dearmon
  • Houston, TX
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Starting Out

House hacking for the first time (newbie)

Reginald Dearmon
  • Houston, TX
Posted

Hello BP. My wife and I are in the process of purchasing a duplex.  We will live in one side and rent the other out. My question is, should I make the tenants get renters insurance? 

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Steve Bracero
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  • from Westboro, MA
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Steve Bracero
  • Real Estate Agent
  • Westboro, MA
Replied

@Reginald Dearmon

Yes, analyze it is you are renting out both units. 

For example is you get 800 for one side and 800 for the side you will be living in, your total gross monthly income is 1600. Run your numbers with both units being rented out. 

Post your entire analysis more more help! 

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