Househacking my first home

[Cesar Austria]

I'm looking to househack my first home within the next year. Can someone give me some advice and also show me how to analyze potential deals please. Thank uou

[Matt Calhoun]

Hello Cesar, I have House hacked a few duplexes, and I always start with running the number as if it was purely a rental property. I look at Net Cashflow, cash on cash. Although the plan is to house hack now, you may want to move out in the future and will want the property to continue to cash flow if you hang on to it. But know that house hacking can be a bit forgiving because you should be reducing your overall expenses, favorable financing, cheaper insurance, etc either way.

As far as property types, small muti families are good options. If you go the SF route, try to find a place that you would be able to live comfortably with roommates.