House Hacking Question

[Charles DeRiso]

Just convinced my fiancé that we should do a house hack with a mother daughter home.

I live in an incredibly expensive market but there are mother daughter homes available.

Doing the math on a few properties I came to the conclusion that my pure cash flow would be close to break even until my PMI is paid off if I were to rent out both areas of the home however the pure cash flow isn't that significant (unless I am being too conservative with what I can get for rental income which I think I am as I am a CPA and I like to look at conservative numbers).

Basically my question is this - would it be worth it do a house hack if it's going to create a lower monthly mortgage payment (than if I bought a cheaper property that is SFH) for myself even if the property doesn't have that great of a pure cash flow even if I where to leave the house?

[Graham Kuzek]

I've house hacked twice on two separate properties and both times, I bought on the basis that I could afford the entire property on my own income with no worries.  The rental income from roommates was a bonus.  I know some people that must have a roommate to split costs and that's not always the best case if you have one that moves out or are picky in who you let into your home.  If you move out and turn it into a rental, you can always refinance and/or extend the mortgage term to reduce your monthly payment which is what I've done to improve cash flow.