Hey BP Community,
I just would want to know. If you're about to acquire your first duplex property in an above-average priced market (Northern Virginia) for house hacking, what would the numbers on that look like? Thats my plan, live in one unit and rent out the other.
If you could break down all the variable costs it would be appreciated, thank you
Take a look at the BP calculator for a decent list of variables to consider. The answer is whatever makes sense for you. When I house hacked, I was fine with personally paying for half the house. You may want the duplex to pay for itself, or not. Talk to locals about what is reasonable to expect in your market. Your local real estate investment group will be a great resource.