Mother-in-law suite house hacking?

[Account Closed]

Hello everyone, I am trying to get into my first house hack and have been looking for multi family properties for over 6 months now in my area to no avail. Recently we switched our search to single family homes with a mother in law suite because there are more options. My question is if it’s a good investment if the rent from the in law suite only covers half the rent? Really want to get into a property but don’t know if it’s better to wait and keep looking for a multi family? Thanks in advance!

[Josh Young]

@Account Closed as long as the mortgage payment isn't much higher than it would be on a normal SFH with no in-law suite then it makes sense. The whole point of house hacking is to subsidize your living expenses, so you can save money (and you have to live somewhere). You will be saving money, learning to be a landlord, you will own real estate and your mortgage will be getting paid down. In my experience you can always find a reason to not buy a deal, you can always wait for a better deal, but the best advice I was ever given is: do your due diligence and if the numbers make sense, pull the trigger.