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Updated almost 4 years ago on . Most recent reply

User Stats

114
Posts
26
Votes
Montez B.
  • Rental Property Investor
  • Flint, MI
26
Votes |
114
Posts

Is house hacking a good idea ?

Montez B.
  • Rental Property Investor
  • Flint, MI
Posted

I’m thinking about selling my single family house To buy a 4plex to “house hack” but I wanted to know would that be a good idea? And if so what are the headaches I’m going to have to deal with ? And if so if its possible to hire a PM while I stay in one of my units so I want have to manage it myself and deal with the headache and also do the Property manager have to tell the renters you stay in one of the units if your the owner ? Thank you guys I appreciate you all a lot that answer my questions ❤️

Most Popular Reply

User Stats

42
Posts
22
Votes
Courtney Trahan
  • Real Estate Agent
  • Nashville, TN
22
Votes |
42
Posts
Courtney Trahan
  • Real Estate Agent
  • Nashville, TN
Replied

@Montez B. Like mentioned above, I think you're going to have a hard time finding a small multifamily. They're out there but I would try to find one before selling your current home. Do you have the funds to be able to buy a multi family and keep your current residence as a rental? I know a lot of people that house hack and they just act as the property manager and never tell the tenant they're the owner. It allows more privacy and control while living there.

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