Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

22
Posts
12
Votes
Annie Balagot
12
Votes |
22
Posts

House Hack dilemma - WWYD?

Annie Balagot
Posted

Hi! This is a kind of House Hack/BRRR. We live in an expensive neighborhood in NY where there's usually nothing that would cashflow. But our primary home would be a great rental and potentially net us $3-4k per month after all expenses. We recently renovated so it's in great shape. I found a house in town at a great price that needs only a little work and has lots of expansion potential (estate sale - possible seller financing). We could buy that house and end up paying about the same amount of mortgage and expenses as our current house. Problem is my 3 kids hate the idea of it. The new house is about the same size, same school district, but just opposite side of town and older feeling. Do I just do it anyway? It makes a lot of economic sense but I feel a little the same as them... what would you do? I know there's no right answer but would love to hear any thoughts or concerns I haven't thought of. The idea is to maybe keep doing this in town (very low inventory of rentals and very high demand). Thanks!

  • Annie Balagot
  • Loading replies...