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Updated over 6 years ago,
Who's House Hacking a Duplex
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.