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15 August 2018 | 0 replies
. $9,450. 30-year fixed, Interest Rate: 5% Rental Income: $3,900 We will be living in one of the units, but for the sake of the analysis I am going to calculate both units as rental income and factor in my costs at the end.2 Unit: $1,600 + 3 Unit: $2,300 = $3,900/moTotal Expenses: $2,832 Operating Expenses: $1,434/moMortgage Expenses: $1,398/moResults Monthly Cash Flow: $1,067/moMy Unit’s Rent: - $1,600/moOur Cost of Living: -$533 / 2 house hackers = $266/mo.Biggerpockets Property Rental AnalysisIn conclusion, if this house hacking plan is accurate and realistic, I would cut my monthly living costs from $850/mo to $233 (excluding utilities), and would have purchased my first rental property.
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13 September 2018 | 3 replies
@Gene Hacker is very good at efficiency on these things.
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10 May 2019 | 58 replies
They have a social media/marketing/funnel hacker, a public figure guy who does all of the podcasts and hosts events, an acquisitions manager, a numbers guy and an administrator who handles flow.
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29 November 2020 | 15 replies
@Gene Hacker Thanks for your input Gene.
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8 March 2019 | 18 replies
So you need to know your numbers on the BRRRRRRRR before you even start.Strategy, planning, and looking a few moves ahead is very important for house hackers so that you don't just take random people's advice and then get stuck.
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11 March 2019 | 12 replies
This asset tends to be better for the 1031 Investor coming in with 30+% down and sometimes the “house hacker”.
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21 March 2018 | 10 replies
Those properties are being snached by house hackers who don't mind offering more then asking price since they use FHA and only have to put around 3.5 of down payment and use the benefits of low mortgage rates.
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3 May 2019 | 9 replies
Why would BiggerPockets block the ability of us to protect ourselves from hackers?
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23 April 2019 | 0 replies
I am looking to connect to with any house hacker in Harris county regarding (federal and property) tax setup for the split use.
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28 November 2015 | 43 replies
I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a property qualifies.