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House Hacking

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Justin Brown
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House hacking excel sheet

Justin Brown
Posted Nov 18 2023, 09:04

Hey just wondering if any of you guys have any house hacking excel sheet or calculators that help determine what your cashflow will be? I would greatly appreciate that!

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Daniel McDonald#4 House Hacking Contributor
  • Real Estate Agent
  • Beverly, MA
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Daniel McDonald#4 House Hacking Contributor
  • Real Estate Agent
  • Beverly, MA
Replied Nov 18 2023, 13:41

Happy to share mine. Feel free to connect! 

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Katie Miller
Pro Member
  • General Manager, Publishing at BiggerPockets
  • Denver, CO
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Katie Miller
Pro Member
  • General Manager, Publishing at BiggerPockets
  • Denver, CO
ModeratorReplied Nov 18 2023, 13:58

@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

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Justin Brown
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Justin Brown
Replied Nov 18 2023, 16:09
Quote from @Daniel McDonald:

Happy to share mine. Feel free to connect! 


 Let us connect. I am down for that!

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Replied Nov 24 2023, 20:33
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

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Christian Ehlers
  • Real Estate Agent
  • NH & MA
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Christian Ehlers
  • Real Estate Agent
  • NH & MA
Replied Nov 27 2023, 08:40

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!

Christian Ehlers Realtor Logo

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Julien Jeannot#4 House Hacking Contributor
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
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Julien Jeannot#4 House Hacking Contributor
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied Nov 28 2023, 14:06

@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.

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Angel Velazquez
  • Developer
  • Dallas, TX
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Angel Velazquez
  • Developer
  • Dallas, TX
Replied Feb 25 2024, 18:44

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.

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Ryan Thomson#1 House Hacking Contributor
  • Real Estate Agent
  • Colorado Springs, CO
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Ryan Thomson#1 House Hacking Contributor
  • Real Estate Agent
  • Colorado Springs, CO
Replied Feb 26 2024, 12:04

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. 

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