Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply

Looking at first deal to be a house hack.
So my fiancé and I are currently looking into house hacking our first duplex. Now I've run the numbers and my mortgage should come out to about $600 a month and the other side is currently rented out for $550. I think I can get that up to $600 bc market rents in that area are about 650-700. With this we plan on budgeting and saving $300 a month to put alway for expenses and vacancy. We are currently paying $900 a month where we are living so I know it will save us money but my question is does this seem like a good first deal for a house hack? It is hard for me to tell since most of the calculators will tell me I will lose money bc I'm not counting the second side and just wanted to get people's thoughts on all of this?
Thank you in advance for everyone that replies and I apologize for the long comment.