Condo hacking experiences

[Kyle Williams]

Hi, I have been deeply involved in researching and learning about house hacking. I came to the conclusion that purchasing a 2bd/1ba condo is my best option. I will use the rent by room strategy for a year, then move out and lease the condo under 1 lease.

Does anyone have any advice about condo hacking, or can anyone describe their personal experience?

Also does anyone have any references for realtors in Chicago who are experienced in condos and rental properties?

Thank you!!!

[Henry Lazerow]

@Jonathan Klemm thanks for the referral. Kyle sounds like a nice plan, house hacking is great and how I got started by doing one in Rogers Park. For a condo you need be careful as many do not allow you to rent out just a part of a unit for example a bedroom and require full unit rented with 12+ month leases. The low rise type buildings without elevators tend to have the more relax rules and also the lower assesments, so they can be a good option. Feel free to PM if want to chat more.