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Updated almost 6 years ago,
HOUSE - HACK DILEMMA
Hello Bigger Pockets Friends!
I'm a having a newbie dilemma and need some perspective
I want to house hack a 3-4 unit in North Jersey but its so hard to find a property within my budget (P.I.T.I max payment of $2350), in a descent area or block, and that does not have to be REHABBED (not that I think rehabbing is bad.. it's great but I did not want to do that for my first property and as newbie I guess I am scared to take on that LOL)
I am thinking of a 2 unit property (I'm single no kids), rent out one floor and for the extra rental income have a roommate to rent a room in my apartment as an option.
I have lived alone for 10 yrs so this will be a BIG adjustment even can say a sacrifice for me if I chose this strategy.
Can anyone share their experience with roommate in regards to search & screening services used and lease agreement tips, etc?
Thanks for any and all ideas, feedback, and perspectives!