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Updated over 3 years ago,
House hacking analyzing ?
Hey BP Family.
I am in going to be purchasing my first investment property by the end of the year and I plan on house hacking it. I am wanting to get some feedback/guidance from other house hackers/investors on when it came to analyzing a property, how is it that you were analyzing those properties? Since you were planning on living in one of the units and renting out the other, rather than immediately renting out both, how did you come to the conclusion that the property made sense? I will add I am ultimately trying to achieve on lowering my cost of living, and I understand that I will not be cash flowing immediately as I am in Portland, OR and I plan on purchasing in the Portland Metro Area.
Any kind of guidance on how to go abuts to analyze correctly for that would be truly appreciated.
Once again, thanks again !