What should I look for in a House Hack?

[Josue Rodriguez]

Hey guys, my brother and I are looking for our first investment property. We are interested in house-hacking a SGL family home somewhere in California. The overall Q we had was what make a home a good house hack? Number of bedrooms & location? Is there something that new investors like myself fail to consider when house-hacking? Also what are some of the pitfalls?

[Chris Merchant]

I myself would look for a small multifamily home to where you and your brother can live in a unit and then rent out the other unit(s).  Especially if you are looking to do long term rentals.  

The pitfall I would see with SFH house hacking is unless you do a live in BRRRR strategy than you are essentially renting out just rooms in your house, it can be done but I personally wouldn't want other people living in my living space. Unless you are planning on renting rooms out to friends to cover the costs of the mortgage and maybe generate some cash flow in the process.