First House Hack

[Jacob Nevarez]

Hello,

I recently got pre approved and now looking at properties to house hack in the Chicago land area (suburbs). As I'm going through the MLS I'm coming up with my questions for the realtor.

My questions for you all:
Is there red flags that you look when searching for a house hack deal?

And 

What is something you wish you had know before going into your first deal? 

[Mose Gebremeskel]

That's awesome! Couple of things I looked out for:

- Area, make sure it's somewhere that will have stable demand

- I stayed away from homes that had a lot of renovations that were needed

- During the tour see if you can spot basic issues like if wiring is old or how new is the HVAC system, etc. 

- If you decide to keep the tenants that are already there see how well they keep the place