House hacking excel sheet

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Julien J.
Investor · CO · Member since 2016 · 757 posts · 1k+ votes
2y

@Justin Brown

The only thing I would add, is the house hack strategy's underlying timelines is long term.

Do play out the next 5 years with cost, rent, and appreciation increase.

Don't forget the tax advantages as the cherry on top.

4Reply
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  • Daniel McDonald
    Real Estate Agent · Beverly, MA · Member since 2019 · 358 posts · 308 votes
    2y

    Happy to share mine. Feel free to connect! 

    1Reply
  • Katie MillerPro Member
    General Manager, Publishing at BiggerPockets · Denver, CO · Member since 2017 · 459 posts · 642 votes
    2y

    @Dave Meyer created a House Hack vs. Buy vs. Renting calculator! It's on our resources page here, if you scroll down a bit: https://www.biggerpockets.com/resources

    Podcast Guest on Show #217
    1Reply
  • Justin Brown
    OP
    Member since 2021 · 43 posts · 28 votes
    2y
    Quote from @Daniel McDonald:

    Happy to share mine. Feel free to connect! 


     Let us connect. I am down for that!

    0Reply
  • Peter Chen
    Member since 2023 · 14 posts · 6 votes
    2y
    Quote from @Daniel McDonald:

    Happy to share mine. Feel free to connect! 


     Hi Daniel, Send you a connect and following request. Would you pl. be able to share it with me pl. 

    Thanks

    Peter

    0Reply
  • Christian EhlersBusiness Member
    Real Estate Agent · NH & MA · Member since 2021 · 457 posts · 291 votes
    2y

    I usually just use the BP calculators and run the property through 2 scenarios, 1 while living in the property and 1 for the move out. The house hack vs buying calculator is also super helpful too!

    [email protected]978-396-9939
    0Reply
  • Julien J.
    Investor · CO · Member since 2016 · 757 posts · 1k+ votes
    2y

    @Justin Brown

    The only thing I would add, is the house hack strategy's underlying timelines is long term.

    Do play out the next 5 years with cost, rent, and appreciation increase.

    Don't forget the tax advantages as the cherry on top.

    4Reply
  • Angel Velazquez
    Developer · Dallas, TX · Member since 2020 · 27 posts · 10 votes
    2y

    Hi Justin -

    I am working on a new tool to make real estate investment analysis a data-driven process. Our solution combines real estate data with the power of AI to help users analyze their deals faster and with more confidence to make better decisions and buy better deals.

    We're in the early stages and would love to hear from you. Your feedback and experiences could greatly help us fine-tune our approach or develop other features that you would find valuable.

    1Reply
  • Ryan ThomsonBusiness Member
    Real Estate Agent · Colorado Springs, CO · Member since 2018 · 1k+ posts · 1k+ votes
    2y

    Hey @Justin Brown I have a great househacking spreadhseet that captures the ROI and cashflow both for the short term and each year after until the loan is paid off. I think it will help you make good and long term decisions. It's been super helpful for myself and my clients in Colorado Springs.

    DM me and I can share it with you. 

    The Assumable Guy544 Reviews
    WebsiteView Page
    1Reply
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