House Hack Calculator

[Adrian Alvarez]

My wife and I want to purchase a Duplex to house hack one of the units. We are going to use an FHA loan to House hack the property. We were using the Rental Calculator but we are confused if this is the best calculator to use. Has anyone here gone through this process ?

If you are in Miami area would it be ok to talk about this over a cup of coffee so we can pick your brain ?

Thank you 

[Charlie Schneider]

Hey Adrian!

I too have the same question, but I believe you are right that the "Buy and Hold" rental calculator is the right tool.  I enter the rent I will be paying as if it were income  unit, and just keep in mind that I'll be paying myself... Eventually the goal for us is to move into our own home, a few years down the line, so that "rent" we were paying ourselves will eventually be replaced by tenants paying the same amount...

Hope this helps! 

Thanks,

Charlie