Updated almost 5 years ago on . Most recent reply
House hacking
My sister is looking at a mulit-family home outside of new york. She will live in one side. Can someone tell me how to analyze this type of deal?
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She is basically leveraging her money. Say her mortgage is $1800 per month and rent on the second unit is $1100. She will only have to pay $700 toward her mortgage.
Now imagine if she earns $2900 per month. Once he second unit is leased, she will have $2200 left over from her income. Now she can take that money and reinvest in a second home that generates cash flow.
Where is she moving to?