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Updated about 1 year ago,
Napkin math - house hacking investment
Hi friends,
was wondering if anybody here built a simple Excel to do back of the envelope on a house hacking investment?
including all the basic elements that drive value, e.g.,
- reduction in tax liability on rental income (from depreciation, interest rate payments, other related expenses)
- reduction in personal income tax liability from interest rate payments (i.e., up to $750k mortgage)
- savings on paying rent (i.e., the rent you are currently paying)
If not, drop in your thoughts on which value drivers need to be included and I can pull a quick one together.
Thank you!