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Updated 12 months ago,
Multifamily househacking analysis help
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