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Updated over 5 years ago on .

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3
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Katy King
0
Votes |
3
Posts

House Hacking Help Please!

Katy King
Posted

Help!

Bought a duplex July 2019 for $157,000. Financed new furnaces, a/c, repairs, renovations, etc. Monthly expenses are at $1,900 a month including utilities + the mortgage at $1,100, so about $3000 a month. I have a tenant renting for $1325 a month. Am I better off renting my unit for about $1,200 and then living rent free with family and paying down everything I financed quickly or should I look to sell & make a profit to cover what's financed. We financed a total of about $60,000. I am afraid I won't get even close to a portion of the amount I need for cash out if I refinance. I am in need of help asap!!