Updated over 7 years ago on .
Am I living in a potential tri-plex house hack?
I think I am living in a House Hacking opportunity but not sure.
We live in a duplex (in-laws on the other side) which used to be used as a tri-plex. My family got bigger so we adopted the smaller 3rd part.
It is in desperate need of a new roof, so my in-laws (who just sold their house to move in) wanted to just pay for a new one for 30,000 € (we live in Hamburg, Germany).
But what if we combined our capital for a down payment on a loan and rehabbed this house into a fully functioning modern triplex. Then rented out the 3rd living space?
- We could share our big yard.
- They would have a place to park.
- We are almost central to the city with good transport system.
- good schools in the area
What would you do?