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Updated about 4 years ago on . Most recent reply

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Leasing while House Hacking

Posted

Hey guys! Just started house hacking rather informally (oral agreements) with two friends of mine who needed rooms. I want to put leases in place with them so later in the year I can show a lender I have additional income to my W2 and apply for a loan to purchase another personal residence. For anyone who has house hacked before- is it best to have one lease with both residents on it, or individual leases with each of them? Would that matter to a lender? Any other tips or advice would be much appreciated! 

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