Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 about 6 years ago,

User Stats

4
Posts
0
Votes
Brandon Constantine
  • San Diego
0
Votes |
4
Posts

1st house hack - Triplex

Brandon Constantine
  • San Diego
Posted

Good morning all,

Single 30year old male who has a good job and has been renting for the last 4 years. I finally decided it would be wise to purchase a multi family home and house hack. Below is the current property what I am looking at. I would appreciate any insight.

Triplexes a hot area

Purchase price -$570k

Taxes - $7500

Insurance- $4200

30 year conventional equates to $3115 per month with 25% down

Two units are 2br/2ba

One unit is 1br/1ba

I am planning on living in one of the 2br units

The 1 br unit is currently occupied with a tenant that is far below market value at $900 per month

I currently pay $1445 in rent

Rentometer is telling me the median rent for a 2 br is around $1500 and a 1 br is around $1350.

The 2br units have been recently renovated. 1 br is older style however in good condition. 

Thoughts on househacking when the cost of a property is this high? Thanks in advance!

Loading replies...