It’s the business housed inside the building that makes the money.

@Agustin Silveyra have you looked into finding a house hacking agent yet to guide you?

Only bad tenants live in bad neighborhoods no matter how nice the house.

My houses are usually in the $200K-$250K range

Happy Sunday all, Currently house hacking a 4 Plex property in Chicago, utilized the Fanni mai 5% down.

A smaller house on the same block sold as a STR this year for $640k, is smaller sf, half the size pool and smaller yard.Trying to put a number to this property, thoughts?

I'm considering purchasing a property in a city where the average household income is around $50k per year, and houses are selling for $250k to $300k.

One property is about 3 acres that my main house is on and the other is just land with a well on it and it's about 2 acres.

With gutters, the water shouldn't get too close to the house unless there are strong winds, the land is incorrectly graded or the downspouts are too close to the house.

We currently own one door (split acquisition and closing costs and contribute equally to management and ownership), and have split equity and cash flows from the property - also pretty standard in my experience.My question is this - I want to purchase a house hack and would like to use our current business entity for accounting purposes (tracking income / expenses / etc).