Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 6 years ago,
Small multi family house hack
Hey everyone, had a couple quick questions about my plan.
So I'm still in the learning and planning phase, but the plan is to house hack a small multi family for a year with an 3.5% FHA loan. As far as running the numbers on the multifamily, would you analyze with all the units rented or with you living in one? I assume you'd do both but obviously the numbers like cashflow per door and the CoC look much better with it fully rented.
We also have our primary residence, a SFH, that we would rent out for the year while house hacking. The numbers don't exactly look great on the house with the PITI of 1050 and the max rent would be about 1500, so using the 50% rule of thumb, likely to negative cash flow a couple hundred per month. I assume that would be acceptable for the year if it allows you to get a cash flowing mutlifamly? Just want to make sure I'm approaching this correctly.
Thanks in advance