Determining House hack criteria

[Jacob D Adamczak]

I have begun to find an area I would like to look for a small multifamily property to house hack in and started the process of talking to agents and lenders. I now need to really define the type of property features I'm looking for. Any recommendations on what makes a multifamily property good for house hacking or appealing to renters?

[Jaysen Medhurst]

@Jacob D Adamczak, financially 3 & 4 units are usually much better than duplexes, since you can spread the expenses across more units.

Ideally, you find a unicorn multi-family in a neighborhood of SFHs. Tough to find, but gold if you do. When considering a neighborhood I ask myself this question, "If my daughter wanted to move here after finishing college, how would I feel?" 

Are you handy? If so, really make an effort to find a property that you can fix up over time, add value, and increase rents.

Good luck, when you start to see some potential properties, run them through the calculators and then post in the forums for the community to weigh in on.