Los Angeles House Hack

[Brittney Guy]

Really needing some advice about this house hack deal! It really only works through living in it longer and refinancing after 20% equity is achieved.

The link is attached below. These #'s are based off of if we kept both units rented with a 5% increase on the downstairs (and larger 3 bd 1.5 bathroom unit.)

We would initially live in the smaller upstairs unit however so would be paying the difference of the mortgage. $4817-$2310= $2507.

We are looking at if it makes sense however once we were to move out between 1-2yrs potentially.

https://www.biggerpockets.com/calculators/shared/1508701/dcdb626b-00c5-4aca-98d3-6023273660cd