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House Hacking
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Updated 1 day ago on . Most recent reply

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Shane Murphy
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Is house hacking safe? New Investor

Shane Murphy
Posted

Hello Everyone! And happy Holy Saturday to my Christian friends!

I'm looking to house hack. This is my first real estate purchase and I want this to be the first property in my real estate portfolio (Ideally I'd like to purchase a second investment property by February next year and continue investing until it's my sole career).

I've already found multiple places that have the right location, number of bathrooms and bedrooms for me and at least 1 other tenant. The problem is that most of these homes are listed as "single-family".

Does anyone have experience with renting a floor of a single-family home as a house hack? Are there legal issues (Cincinnati OH)? Do you recommend sharing a kitchen or other rooms? Is there any reason I can't just add locks to doors and add walls to make a single-family home into a duplex? Are renters open to renting a house hack setup?

Your advice will save me a lot of frustration as a new investor.

Thank you!

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

me personally I would want my own privacy and space.. so I would only do a true Duplex.. but house hack duplex is hands down one of the best first investments you can make.. 

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JLH Capital Partners

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