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Updated almost 6 years ago on . Most recent reply

User Stats

16
Posts
2
Votes
Hector Bastida
  • West Covina, CA
2
Votes |
16
Posts

Using BP Calculaters for House Hacking

Hector Bastida
  • West Covina, CA
Posted

Hello BP family,

I'm interested in house hacking and love that BP has the various calculators for analyzing deals.  Has anyone used the calculators to analyze a house hack?  I'm assuming it would be the "Rental property" calculator.  If you're planning to live in the house hack, is using the rental property calculator still the correct one to use?  How do you factor in yourself living in the property to analyze the deal?  For example if you're planning to buy a duplex, live in one unit and rent the other.

Thanks!

Hector

Most Popular Reply

User Stats

191
Posts
165
Votes
Sung Park
  • Rental Property Investor
  • Philadelphia, PA
165
Votes |
191
Posts
Sung Park
  • Rental Property Investor
  • Philadelphia, PA
Replied

While I initially thought the BP rental calculator was awesome, as I got more involved in getting the right deal, I created my own calculator because I thought the BP calculator lacked some features that were important for me especially for house hacking and had some extraneous stuff that I thought was irrelevant. It's really not that difficult to create your own using excel and to fully customize it so you know exactly where your numbers are coming from cell by cell.

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