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Updated almost 7 years ago on . Most recent reply
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Thoughts on house hacking !!
I’m fairly new to real estate investing.I am a plumber. And I’ve been reading and researching about house hacking. Seems very do able and also profitable. Do you guys think that would make a great first rental property.? Cons and pros?
Thanks in advance guys!
Most Popular Reply
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Do it.
Pros:
Tenant pays your mortgage
You live for free or at least very cheap
Helps you build a relationship with a bank for future deals if you do financing
Gets the first deal out of the way so you're not scared to keep going.
Cons:
Have to live next to a tenant
Will be hard to separate yourself as the landlord (only matters if you want to be seen as the "manager)
I'm sure others will have things to add too.