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Updated about 3 years ago on . Most recent reply

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10
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Charles T Grimes
8
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10
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House Hacking question

Charles T Grimes
Posted

I had question that popped into my head when I was reading about house hacking.

I get the idea is to buy a multi family house and live in one of the units while the tenants of the other units pay the mortgage (overly simplistic, I'm sure).

My question is, has anyone ever done this and have issues living in the same building as your tenant? I don't know why but I feel like there may be some unique challenges to this.

  • Charles T Grimes
  • Most Popular Reply

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    Ryan Thomson
    #1 House Hacking Contributor
    • Real Estate Agent
    • Colorado Springs, CO
    1,322
    Votes |
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    Ryan Thomson
    #1 House Hacking Contributor
    • Real Estate Agent
    • Colorado Springs, CO
    Replied

    @Charles T Grimes House hacking has been great for me. I would definitely recommend it. Screen your tenants well and I would be honest and set boundaries. If you can do that well, I see the money you will make and save well worth it. 

    For resources I really like the following House Hacking episodes on Bigger Pockets Podcast: #352, #252, #350, and #249. Also, Craig Curelop's book on House Hacking is a great resource.

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