Excited to Start My House Hacking Journey and Connect with Fellow Investors!

[Saed Rabu]

Hello, Bigger Pockets community!

My name is Saed, and I’m excited to join this vibrant network of real estate enthusiasts and professionals. I’m a recent graduate from community college and currently a senior at George Mason University, majoring in Information Technology with a concentration in cloud computing. Alongside my academic pursuits, I have been involved in various entrepreneurial ventures. My immediate goal is to house hack a property within the next year.

Best regards,

Saed

[Matthew Kwan]

HI Saed,

There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment. The main hurdle that many of our borrowers face are the income aspect of it, especially expensive markets like the West coast. However, it allows you to use the vacant rents of 75% market rent as an alternative income to help the borrower to qualify.

Happy to connect and assist you in your real estate investing journey. @Albert Bui @Carlos Valencia