House Hacking During a Pandemic

[Nicholas Chrisman]

I’ve heard a lot of talk going around that newbie investors should be saving up and holding onto their cash instead of investing during these uncertain times.

My thought process however is that, if you have the cash reserves, you purchase a multi family house hack that you can afford even if you can’t find the tenants. What could go wrong?

- I’d have 6 months reserves

- I’d be able to afford the mortgage payment if we couldn’t fill it

But, if everything went RIGHT I’d just be saving even more money because our tenant(s) would be paying the mortgage.

Thoughts?

[Anson Young]

Sounds like you have planned ahead to mitigate any risks that might come up.  Cant speak to whether you should buy now or not, though it seems like there isnt too much of a down turn in metro areas with low inventory...  

You are right about finding live in tenants right now, might be a little more difficult than normal, with high unemployment, etc.