Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

89
Posts
23
Votes
Eric Piccione
  • Investor
  • Cincinnati, OH
23
Votes |
89
Posts

What is a good out of pocket payment per month for house hack

Eric Piccione
  • Investor
  • Cincinnati, OH
Posted

My wife and I are planning on house hacking a duplex property. When it comes to covering the mortgage, the property would do just that. When we ran the numbers, the insurance, vacancy, repairs, property tax, and any other expenses run us approx $460 out of pocket. Would this be a good amount of money to pay out of pocket in a nice area, that is close to work. Realistically, we would stay in this house for a year, move out, and repeat the process. So that out of pocket expense would then bring in around $800 in profit. Is this worth it, or should we keep looking? The main concern is it took us 2 months to find a property with all the right criteria, so we do not know when the next opportunity will come up. Any advice would be super helpful!

Most Popular Reply

User Stats

2,206
Posts
1,251
Votes
Replied

@Eric Piccione what do the numbers tell you.Run it as if you are not there. Does it cash flow taking into account vacancy,repairs,capex. Some high cost of living areas never cash flow and are appreciation plays. You can use a spreadsheet in the files section or use BP calculators for 5 times. Capex is the most underestimated expense beginning investors make. Until you post numbers it is WAG(wild a** guess).

Loading replies...