Is anyone house hacking in Reno, NV?

[Kristofer Marsh]

Duplexes/MFH in Reno are rare, and with the ADU restrictions I'm wondering if and how people are successfully house hacking here. I've seen a few basement units with separate entrances, what is your situation and how did you find it?

[Wesley Pittman]

@Kristofer Marsh

Hi Kirstofer!

Yep, lots of people househack here in Reno. With the current rate environment, expect the rents of your other unit to help reduce your monthly expense not eliminate it! Because we are a more appreciation driven environment and our cap rates tends to be pretty low (sub 6 for the past 10 years for most small inventory), it pretty much always seems that when you buy the property, the rental unit just covers some of the costs, but give the calendar some time to do its magic and they end up performing pretty well in the long run. Here's an article I wrote on my first deal which was house hack near UNR.

https://www.biggerpockets.com/member-blogs/15282/101055-and-...