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Grey Goodman
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Trying to House Hack/Buy Rentals in Today's Interest Environment

Grey Goodman
Posted Jan 6 2023, 11:17

Hi guys! I am looking to buy a 2-4 unit property using an FHA loan, possibly put some cosmetic work into the property and then live in one unit and rent out the others. The issue that I am running into is the metrics are far off from penciling. I understand that when using an FHA loan (95% LTPP) coupled with today's interest rate environment, these deals are harder to make work than they were a couple years ago. However, I know some people are still making this work and have experience doing so in similar environments.

I welcome any advice from anyone with experience house hacking / rental investors. Are you looking at these deals differently? Are you going to wait for more inventory to hit the market and hopefully make these deals more palatable? Any advice welcomed!!

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