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Ann Downer
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House hacking variation with separate rental on property

Ann Downer
Posted Dec 22 2022, 14:17

Does purchasing a single family home that we would live in with a separate rental on the property count as house hacking for getting a low down payment and having the rental income pay at least some of our mortgage expense etc.?

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied Dec 23 2022, 05:50
Quote from @Ann Downer:

Does purchasing a single family home that we would live in with a separate rental on the property count as house hacking for getting a low down payment and having the rental income pay at least some of our mortgage expense etc.?


 Yes. You can have 1-4 units on the same property. As long as you occupy one of the units, you qualify as an owner-occupied property and can get the low downpayment.

  • Property Manager Wyoming (#12599)

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Ann Downer
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Ann Downer
Replied Dec 23 2022, 20:17

Thank you so much Nathan!

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