All Forum Posts by: Griselle Monzon

@Nathan G. Thank you very much this is really helpful. I'll be checking the zoning with the city to find out if is permitted. I appreciate the advice.

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@Richard Sherman Thank you i will be reporting it as income in my taxes, do you know im f this can be use as tac writes off?

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@Dennis Liu Thank you I appreciate your advice CL is were we advertise, will definitely do the year lease, if I don't do the lease how would I hold someone accountable for rent payment.

1 Vote

I am new to BP and always love the idea of becoming a real estate investor. I was listening to the podcast and notice we have a great tool in our hands to start our journey. We are planning to house hack our house, we have a mother-in-law suit and will like to add an extra income by making a 1 bed 1 bath with kitchen and livingroom in my house aside from the mother-in-law suit.

My question is should I do a basic month to month lease or a roommate lease to both of this rentals?

We all will be sharing the same address but all of us will have separate entrance and own privacy.

Should we rent through a company's entity or our personal name ? (For liability reasons)

Thanks for your advices in advance.

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All Forum Posts by: Griselle Monzon

Griselle Monzon has started 1 posts and replied 15 times.

Post: Basic lease or roommate lease for house hacking?

Post: Basic lease or roommate lease for house hacking?

Post: Basic lease or roommate lease for house hacking?

Post: Basic lease or roommate lease for house hacking?

Post: Basic lease or roommate lease for house hacking?