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Updated 12 months ago,

User Stats

2
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3
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Neil Wei
3
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2
Posts

Multifamily househacking analysis help

Neil Wei
Posted

Hey guys, I'm looking to purchase my first real estate property this year and according to my analysis, househacking a multifamily house here doesn't make any sense, I feel like I'm missing something. Here's an example of an average property I've looked at:

My issue is this: If I'm househacking and I live in one of these units, the rents on the other units are nowhere close to covering the expenses on the house like I was expecting.

I think I'm missing something either in my expectations or in my calculations, and I could use some help or an explanation 

I'm fairly certain of the income, tax, and mortgage numbers, but everything else is a guesstimate 

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