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Updated almost 6 years ago on . Most recent reply

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26
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3
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Alex Waite
  • Richmond, VA
3
Votes |
26
Posts

Now what with my house hack

Alex Waite
  • Richmond, VA
Posted

Finally!! I researched for a couple years waiting for the right time in my professional career to house hack. I bought a single family house and making a in law suite in the bottom level in a tri-level home. I’ve prepared my house for a tenant by putting in a kitchenette. I have the tenant signed and ready to move in next week.

The tenant is going to cover 2/3 of my mortgage. Nothing to brag about but not bad. I've read and listened to so much content to getting to this point but what are some of the potential next steps in the process? Obviously wait for the savings from the house hack. What are some tasks I can do now to prepare for the next house hack? (tax considerations, HELOC, strategy for next house hack purchase)

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