House Hacking- Any Advice Please
Hello,
I've been approved for (max) $575,000. My goal is to purchase my first multifamily property before the end of this year. I will live in one unit and rent out the rest. I have a Tesla and I think it would be good to leave the home charger connected for any future electric vehicle tenants as well.
I just don't know where to start. I'm open to a fixer upper or something more finished. I'm also open to living in Northern NJ, Rockland, Westchester, or CT.
Does anyone have any guidance on which area I should start in? Any advice is greatly appreciated.
Thank you,
Chris
Most Popular Reply
When I was searching for my house hack I was priced out of the area that I wanted to live in Multi Family. I ended up purchasing the largest square foot home I could afford in the area I wanted to live. I rent room by room and make more from rent than I would if I rented the place itself as a regular rental. @Jake Handler I second to not exclude single family house hacking, but I realize that it is also a lifestyle that not everyone is willing to live. Best of luck on your house hack!