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Updated almost 8 years ago on . Most recent reply
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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
Most Popular Reply
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Hi @Dan Gongora, my opinion is analyze the property as if you are renting out all of the units, since that is "what is going to happen" isn't it?