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Updated almost 2 years ago on . Most recent reply

User Stats

15
Posts
11
Votes
Peter Buccowich
  • New to Real Estate
  • Longmont, CO
11
Votes |
15
Posts

SFH House Hacking - Renting out on a Per Room Basis

Peter Buccowich
  • New to Real Estate
  • Longmont, CO
Posted

Hello!

I'm a recent college grad looking to start house hacking in the next 6 months. I looked at Duplexes/Triplexes but found trouble finding MFH work given how much money I have (limited to $30k down), so I pivoted to looking at SFH, specifically 4br around $230k range.

The trouble is I have no connections where I just moved so I can't get my friends to rent from me, which leads to my questions:
For those who have rented out on a per room basis, did you find that the rent per room dropped significantly compared to if you rented all rooms out in one unit? Where I live, there are no basements or any clear way to separate a SFH into multiple units. Generally speaking, is it worthwhile to buy a SFH to house hack?

Thank you all so much! All feedback is appreciated.

(Including if you know how to get rid of all these numbers! They don't appear in the edit panel!)

    Most Popular Reply

    User Stats

    37
    Posts
    58
    Votes
    Damon Cameron Jr
    • Rental Property Investor
    • Indianapolis Indiana
    58
    Votes |
    37
    Posts
    Damon Cameron Jr
    • Rental Property Investor
    • Indianapolis Indiana
    Replied

    @Peter Buccowich 

    Hey Man! I  am 19 years old and going to do the exact same thing when I graduate at 22. Here are a few videos that answer your questions and helped me understand house hacking a single family home. It is a great way to save a massive percentage of your w2 income for future investments and live for free!

    https://www.youtube.com/watch?v=Jq4CRkOIXTE&t=329s

    https://www.youtube.com/watch?v=6sElkS_VjrI&t=695s

    https://www.youtube.com/watch?v=7b3znDA1nLQ

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