Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 6 years ago, 06/02/2018

User Stats

149
Posts
41
Votes
Nicole Wood
  • Investor
  • Bath, NY
41
Votes |
149
Posts

Advice for a house hacker?

Nicole Wood
  • Investor
  • Bath, NY
Posted

We are finally closing on our duplex this month!!! We are keeping our single family home and renting it out for 900$ per month--no this doesn't give us cash flow at all...but the mortgage is paid and we have a small cushion. The duplex's mortgage will be covered all but 98$ by the upstairs tenant. We increased the rent from 275$ to 500$ for the upper tenant which he agreed to. He was a family friend so was getting a great deal! The lawyers have the lease and the tenant has agreed to it. So all in all we should be paying about 98$ to live. Utilities are split at the duplex and the water and sewer are well and septic. We will be putting money in savings for capex etc as well. Currently our mortgage is 840$ a month so we definitely have cushion there.......just looking for opinions and advice!! thanks!

Loading replies...