Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
House hacking 1-4 unit
Good morning BP community,
I'm in the process of analyzing the purchase of my second 1-4 unit property. I plan on moving in to my new property "house hack strategy" however I am having trouble figuring out a good purchase price. Using the rental property calculator here on BP, I am not sure if I should enter the numbers as if I was living in one of the units or as if i was renting out all the units. I would greatly appreciate your feedback/opinions. the reason I ask is, if I enter the numbers as if I were living in one of the units "which is what is actually happening" the estimated purchase price i come up with is far lower than what most sellers are asking. so I can't help but wonder if I should run the numbers as if I were renting out all the units "which won't really be happening until I eventually move out" in order to come up with a more "fair" purchase price. I hope my dilemma makes sense. Can't wait to hear from you.
Thanks,
Dan