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House Hacking
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Updated about 2 years ago,

User Stats

6
Posts
2
Votes
Michael Williams
  • Collinsville, IL
2
Votes |
6
Posts

House Hacking Mixed Use Property

Michael Williams
  • Collinsville, IL
Posted

I have been searching hard for the perfect home in Southern IL that I can house hack and rent rooms to travel nurses. My plan is to find one that has a finished basement with kitchen and bath which would allow privacy for the tenants upstairs. In my search I found a property that has a store front attached with a month to month tenant. According to the NOI that is in the listing description the rent collected covers the mortgage payment and hopefully when I view it tommorrow there will be a way to rent a bedroom or two for cashflow.

Has anyone house hacked with this type of property?  I think I need to speak with someone with commercial leasing experience too so I will know how hard it would be to rent the store out again should that tenant leave and understand expenses and risks of leasing a storefront.

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