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Updated about 5 years ago, 11/12/2019
Multi House Hack vs. Single Family Home
Hello everyone this is my first post and I am new to the BP community. In a few months my girlfriend and I want to buy our first home and we wanted to buy a multi family unit and do a house hack.
After talking to some friends they asked why I wouldn't just buy a SFH and rent out the rooms and/or basement while I lived there since the multi market is dry in Maryland and I could build my portfolio with single family homes instead.
Both seem to give you:
-Land-lording experience to help qualify for future loans
-Residential mortgage rate and down payment
-Renters paying expenses
What are the main differences in the strategy if it's a multi or SFH?