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Updated over 6 years ago on . Most recent reply

User Stats

145
Posts
67
Votes
RJ Reynolds
  • Realtor
  • Westwood, MA
67
Votes |
145
Posts

House Hacking: Family Plan

RJ Reynolds
  • Realtor
  • Westwood, MA
Posted

Looking for a housing solution my family and I can live with and thrive from!

Daughter #1: 21 yrs old, will have a baby in July 2019 and is well employed at your typical low level, doesn't pay enough grunt job. She lives with and is dependent on me. Her boyfriend is not employed or able to provide any financial support.

Daughter #2: 19 yrs old, engaged and will also have a baby in July 2019. In college, no income and her fiancee is also unemployed and unable to provide any financial support. They both live with and are dependent on me.

Rather than buy a bigger home or even buy a multi-family that we can all share with me still paying the bills, I'm wondering if I should look into 'house hack' x 2!  Buy a multi-family that cash flows properly for daughter #1 and a second one for daughter #2 (with me as the owner, maybe gift them a percentage ownership).

Just a thought.. any feedback?

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