Is it possible to house hack a condo?

Question

Hey, I'm pretty new here.

Is it possible to house hack a condo? Considering insane property prices in SoCal.

I need advice!

Thanks.

Kenny Smith · Answer

@Hansel Gunawan

It really all depends on what is in the HOA's bylaws.  Some may not allow something like this, and some do.  Some have minimum lease periods and some don't.  It is really important you double check with your HOA before doing anything.  If not, you could get yourself into a mess.

Best of luck!

Matthew Masoud · Answer

Are you thinking of renting out the rooms?

Conner Olsen · Answer

It is possible but depends on your goals. If you want to reduce your mortgage payment while living in SoCal it's probably a great option. If you want to cash flow significantly after moving out of a condo while putting a low down payment and paying an HOA, that's less likely to happen.

Ryan Thomson · Answer

Yes. Harder to do though bc less bedrooms so less rental income.

David M. · Answer

@Hansel Gunawan

In addition to the bylaws, is there realistically enough parking?  Unless you don't care...

Dan Portka · Answer

@Hansel Gunawan Yes. You could even put up a partition in the living room to make yourself a "room".. Rent out the others.

Is it possible to house hack a condo?

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