House hacking my own home

1 Reply

Investment Info:

Small multi-family (2-4 units) other investment.

This property is a house hack. I live in the main part of the home and rent out a 2 bedroom apartment on the side of the house. My rental unit pays for 85% of my monthly home expenses mortgage insurance taxes etc.

Hey Paul, Good for you! I'm glad you shared this project insight. How is this going? I'm considering partitioning my home to build in a basement apartment unit. Have you found your rental has performed? Did you consider short stays or go more for the long-term lease options? I hope it's going well. I'm going to run the numbers on mine once I get someone in for a quote to overhaul the basement. Thanks for your time!

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