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Updated almost 6 years ago on . Most recent reply

Using BP Calculaters for House Hacking
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
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.