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Updated about 5 years ago on . Most recent reply

User Stats

84
Posts
9
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Adam Spencer
  • Ypsilanti, MI
9
Votes |
84
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House Hacking with kids

Adam Spencer
  • Ypsilanti, MI
Posted

I am a 2-time house hacker in Ypsilanti, MI. I am recently married and we are loving the house hack!! They pay all our bills and we just stack the cash!  Anyway, my question is regarding house hacking and children.  We found out that we will be having a kid next July and are not sure if having roommates will still be a good idea. Just want to get some thoughts on this from personal experiences.  We trust the roommates and I'm sure part of it would be if they're willing to deal with the crying lol.  

Most Popular Reply

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6,017
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5,059
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
5,059
Votes |
6,017
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John Warren
  • Real Estate Broker
  • 3412 S. Harlem Avenue Riverside, IL 60546
Replied

@Adam Spencer I have found personally that house hacking does not work once the kids come along. What I have found that works though, is the live in flip. I flipped a home in Riverside, IL very successfully which gave me capital for two apartment deals. I then purchased another live in flip in North Riverside, which is right around the corner. This has allowed me to pull capital out of my house for yet another apartment deal. I am a big fan of this strategy once you have the family and schools become important, etc. 

  • John Warren
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