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Updated over 6 years ago,

User Stats

15
Posts
2
Votes
John Lewis
  • Investor
  • Saint Louis, MO
2
Votes |
15
Posts

Who's House Hacking a Duplex

John Lewis
  • Investor
  • Saint Louis, MO
Posted

Hello BP Fam,

The wife and I are in the market for our second investment property, and we are looking to house hack a 2-4 unit. More than likely it'll end up being a 2 unit. I want to know how much of the mortgage is your rental income off-setting, is it covering the entire amount, or will I need more units to accomplish that. But can you share a rough estimate of how much yours is covering, (ie. 60%, 75%, etc.) Also how was your acquisition process, did you use an agent and get something that's currently on the market or did you look for an off-market deal that you could add value and hopefully acquire at a discount. What's your experience with House Hacking multiple units. I'm in the St. Louis, MO area, Midwest.

Also was your financing conventional, FHA, or owner financing?

Thanks.

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