Hello Everyone, I am positioning myself to purchase a house hack where I will be utilizing the rent by the rent room strategy.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

If you are ok with that, then you can peruse their site and determine how you are going to position yourself in terms of your need for their services.

One of my clients recently purchased a 4/2 single family house that was positive cash flowing, hit the 1% rule, and was able to execute a full cash out refinance so it was a clean BRRRR!

These things do happen, but the net positives of investing in real estate lead to powerful wealth creation that a 9-5 doesn’t provide. 

I'm in  a similar position of selling off some rental property and not wanting to give more than necessary to Uncle Sam, but my taxable boot is more likely to be in the $400k range.   

Other equally contributing factors you want to consider is the properties positive cashflow, asset appreciation over time, debt service paydown over time, as well as hedging your dollars against inflation - all of which make real estate such a great investment especially when you have the right property!

If this is your dream retirement place, perhaps you use the LTR to simply subsidize your purchase even if it's not fully cash-flow positive. 

Most B areas in Columbus will not generate positive cash flow unless you buy the property outright with cash or make a substantial down payment.

Additionally, if you've implemented such a service, I'd love to hear about your experiences, both positive and negative.Thank you in advance for your assistance!