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Updated over 3 years ago on . Most recent reply

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First house hack/property HELP

Joshua Schaffner
Posted

Hey guys so I'm looking to currently buy my first house my credit is above 700+ I'll have a co signer aswell to increase my DTI if needed I'm looking to acquire a 300-325k home in Las Vegas my goal is to live for free I wanna rent out the rooms to cover my mortgage and all expenses if possibly I'd like some advice on people who have done this prior I plan on getting a single family how do you come up with a estimate to how much rooms can rent for?

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92
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Luis Vaca
  • Specialist
  • Oxnard, CA
32
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92
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Luis Vaca
  • Specialist
  • Oxnard, CA
Replied

@Joshua Schaffner I'm doing the exact same thing in Vegas. Demand is high so I was able to put the rooms a bit above market.

Depending on location, if it's a nice area you could possibly rent the master bed for 800-1000. (Mine js 900).

The smaller bedrooms I'd say between 500-800 (renting mine for 700)

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