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Updated over 4 years ago on .

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Frank Lanza
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1
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SFR House Hacking - Renting Bedrooms in a Covid Environment

Frank Lanza
Posted

I'm located in Northern NJ, just outside of NYC where both property values and property taxes are ridiculous so in looking to acquire my 1st property was leaning toward a BRRRR House hack situation of ideally a 4-unit; however, SFR is slightly easier to find better deals (not much better just a bit more affordable) in this area; however, with COVID hitting the area HARD (Hudson/Bergen Counties); will the idea of living with strangers in a SFR still be viable or will this virus make the masses lean towards wanting their own space that much more? I'm also trying to weigh the high unemployment and ppl needing to conserve their cash but will that be enough to overcome the threat of an invisible threat?