House Hack

[Cameron Brulotte]

So I am currently looking at a 3 bedroom house in shoreline, Washington.  Purchase price = 360k 

My mortgage is going to be around 2150.  however I am planning on renting out the other 2 rooms.  i am aware of the 1 percent rule, but I am also going to be living in the house for a few years or so.  Any idea what price i should be renting out the other 2 rooms for?

as opposed to just going blind

thanks

cam

[Crystal Smith]

Originally posted by @Cameron Brulotte:

So I am currently looking at a 3 bedroom house in shoreline, Washington.  Purchase price = 360k 

My mortgage is going to be around 2150.  however I am planning on renting out the other 2 rooms.  i am aware of the 1 percent rule, but I am also going to be living in the house for a few years or so.  Any idea what price i should be renting out the other 2 rooms for?

as opposed to just going blind

thanks

cam

 Along w/ craigs list check out AirBnB to see how much rooms are renting for (on a short term basis) in your area.  You may make more $ on the short term rental vs long term lease.