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Updated over 3 years ago,
Househacking Advice Single-Family vs. Multi-Family
Hi BiggerPockets!
I'm fairly new to investing in real estate and decided that house hacking for my first RE investment is the way to go due to it being low money down, and hopefully use it to eliminate my biggest expense which is rent.
I'm currently debating between house hacking a single-family property or a multi-family one. Personally, the multi-family properties seem to have better cash flow when I run the numbers, but it's a little harder to come by. The duplexes and triplexes in my area come on and off the market fairly quickly, by the time I find one it's already in escrow.
For those who have already house hacked before, how was your experience house hacking a single-family residence?
For those who have house hacked multi-family properties, I would love to hear your experiences as well.