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Updated over 4 years ago,
Newly Built Home HouseHack?
Hey guys need your opinions and thoughts! For my people who are house hacking, is it a good idea to house hack a newly built home? The market I'm in Austin TX is really competitive when it comes to Real estate, so I'm trying to get creative as possible. I'm thinking about purchasing a newly built home for 230-240k and renting out two of the rooms. I ran the numbers, and if I can get 600-700 a room (is this realistic?) I would only be paying 400 or less for my mortgage a month. The home is in a great area and there is a lot of potential in terms of resale value. It' would be my first deal so I need advice on what to do! I've been looking for the perfect deal for 6 months but have not came across that deal. Any house hackers getting a profit from house hacking a SFH? Thoughts?