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Updated over 2 years ago on . Most recent reply

User Stats

127
Posts
63
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Kimothy Bynum
  • Real Estate Agent
  • Detroit
63
Votes |
127
Posts

How is everyone house hack going?

Kimothy Bynum
  • Real Estate Agent
  • Detroit
Posted

How is the house hacking experience going? Are you enjoying it? I'm currently house hacking and its been pretty smooth!

Most Popular Reply

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1,344
Posts
872
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Brenden Mitchum
  • Rental Property Investor
  • Atlanta, GA
872
Votes |
1,344
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Brenden Mitchum
  • Rental Property Investor
  • Atlanta, GA
Replied

Hey @Kimothy Bynum, stoked to hear your house hack is going well! 

Ours is going great so far. Been a couple years since we bought it and have only had to pay PITI a couple months that it was vacant. We even typically get enough to cover our utilities for the month so living essentially "for free" (until something breaks that is). We'll be moving out soon and renting out our side on Airbnb as a mid/long-term rental and are already booked for 8 months. Having only come out of pocket a small amount for downpayment (5%), closing costs and some repairs, our CoC will easily be in the high double digits (after factoring in repairs/maintenance). This strategy is just a no-brainer, regardless of current market cycle.

What about you? Would love to hear more about your house hacking journey!

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