Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Michael Varney
  • Specialist
  • Saline, MI
1
Votes |
11
Posts

Owner occupied question

Michael Varney
  • Specialist
  • Saline, MI
Posted

I have been reading about "house hacking" I was wondering, when purchasing a duplex, is there an amount of the monthly mortgage that the one side should cover. For example, should the one side cover all of the mortgage or should it cashflow a couple hundred?

Most Popular Reply

User Stats

21,918
Posts
12,876
Votes
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,876
Votes |
21,918
Posts
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

1 to 4 units is single family, not multi family which begins at 5 units or more, just saying because you're in the multi family thread category posting.

The rental market determines rent levels, not your mortgage. 

It's nice if one unit can cover all expenses, but that's not necessary, rarely do you get to live for free during your stay there. You may have lived for free after selling at a profit.

I suggest you learn real estate before trying to deal  in real estate, it's  not that hard making an honest effort. Best of luck to you :)  

Loading replies...