House Hacking in Manhattan with friend

[Anthony Z.]

Hey there,

I am moving to Manhattan and I wanted to know if there are any caveats in regards to buying an apartment in Manhattan. I intend to purchase an apartment in Manhattan with 3 bedrooms in the price range of 300k - 500k. According to Zillow there are actually many properties in the city that meet this criteria. I would assume the core principles of house hacking are the same everywhere, but Manhattan seems like such a unique area because everything is in such high demand. I just was wondering if anyone had advice on performing house hacking in the big city.

Additionally, a friend of mine is also interested in becoming a partner and joining me in this venture. If he did, then the apartment we could afford which essentially double. Is house hacking with a friend recommended? 

Thanks,

- Anthony

[Darren Sager]

Zillow says there are lots of 3 bedroom apartments in Manhattan available for $300,000 to $500,000? Oh I got a good laugh out of that. Thanks! Too funny!