How do I analyze a house hack deal single family

[Jonathan Perez]

There's this single family home I'm looking at. They're asking for 85k. It is fully renovated. Looks really good. The area is decent. Maybe just at mid class line. Any way so since I plan on house hacking it, where do I start in the analyzing process? And where do I determine? Thanks in advance.

[Nicole A.]

So basically, you'd be renting out the extra bedrooms in your home? We do that.

I would suggest you get on a site such as www.roomates.com. Then search for the going-rate of bedrooms for rent in your area. Search on Craigslist too.

If you're only seeing things like basements for rent, then take that average rent amount and know that you'll need to be a little lower. Determine if you'll include or split utilities (we split utilities).

What is your goal? The rents will probably get you a nice break in your mortgage amount out of your own pocket each month.  The big key is don't buy a house that you can not afford without roommates!