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Updated over 7 years ago,
Buy another SFH or House Hack?
Hello All,
Veteran BP Podcast listener and newbie to the forums. I understand that this topic has probably been discussed any number of times in the forums, but I haven't been able to find anything that satisfies my need for a data driven decision maker.
Here's my situation:
I recently purchased my first rental (a SFH). I am trying to decide whether to continue buying SFH or look to buy a MFH so I can house hack. I lean towards the SFH due to the tenants that they attract, which tend to lead to less headaches, lower maintenance costs, and a lower vacancy rate (or so my logic leads me). However, I am also attracted to the lower MFH CAPEX. One roof over four units beats four roofs.
Here's my question:
I have yet to find data that can be used to decide, with reasonable confidence, whether the lower CAPEX of a MFH offsets the potentially higher vacancy and maintenance costs as compared to a SFH. Does anyone have data on their portfolio that could be used to analyze this?
Any help or further guidance would be much appreciated.
Thanks,
Josiah