Personal Finance
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply

Factoring potential STR income into budget for house hack?
Hi all - I hope to start my REI journey with a house hack in Nashville (live in basement/smaller space with separate entrance, Airbnb primary living space). I've been told that it will be difficult to find a property in a good location and with the budget that I can afford without rental income. Would it be wise or unwise to factor income from the STR into my budget therefore affording me a higher purchase price?
I understand this is a personal risk decision and I'd love to hear pros/cons/things to consider from the Bigger Pockets community. Thank you!
Most Popular Reply

Thanks for the insights @Nicholas L. I've had mixed guidance on the topic so I appreciate your perspective. My lender approved the higher mortgage already. STR rules and regulations changing is definitely a risk factor. I think in that case I'd have to change to a MTR or LTR. Primary reason for wanting to do STR is because I'm interested in gaining hands-on experience with this strategy so I can apply it towards longer-term goals in more traditional vacation markets.