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Updated over 1 year ago on . Most recent reply
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Househacking a quadruplex
Hello BP members. We are currently trying to purchase our first quadruplex. We will house hack and live in one of the units. We are from out of state, and have two young children (one school aged, one toddler). I want to know of your experience house hacking in a quadruplex. It's a big move for us and very nervous because this is our first time house hacking, and it's out of state, away from our immediate families. Also very anxious because the place will be smaller than what we are used to, but we are willing to sacrifice one year in order to fulfill our long term goal of owning a multifamily unit. Any advice as to how you handled your househack, problems encountered, solutions, what to watch out for in general, and just looking for other people's stories would help. Thank you.
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Hi Ben! Thanks for replying and appreciate your insight. We were thinking of putting 5% down. The house is worth 445 and with current tenants' rent worth 3100. We can put up to a 10% if needed. I'm hoping it all works out. And yes, short term discomfort for long term glory will be our daily mantra for 1 year haha. Thank you.