HouseHack, Rent, Condo or Stay still.

[Marcus Wright]

I’ve been question it for a few years now. Would it make sense to rent a condo and rent out the home I’ve lived in for 6 years or just stay in it since where I live owning is much cheaper than renting. My mortgage is $725 and renting would be around $1100-1200. Could rent my home for $1200-1350.

I’m 31, one child. I own a nice amount of properties as well and have been my career for 11 years. I’m in construction & managing my own properties so when it comes to my own homes management, I don’t approach it with the same urgency as the assets that pay me. Would love the freedom renting “allegedly” brings. 

I plan to househack a duplex I’m considering purchasing for a while then either rent adding 3 more door to the portfolio or purchase a condo downtown. Would this financially make sense?