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Updated over 1 year ago on . Most recent reply

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Paul Bogard
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House hacking in Philadelphia

Paul Bogard
Posted

Hey guys, was considering house hacking here in Philadelphia - Pennsylvania.

Got approved for a mortgage, found a local real estate agent and started visits.

The best way to cash-flow here seems to rent out bedrooms in single family homes. My real estate agent doesn’t seem familiar with that and didn’t tell me about the 3 people outside of family circle max requirement in single family zoning.

I also need advice for renting finished basement legally and make more bedrooms, experiences and tips are more than welcome as he didn’t seem knowledgeable.

Shall I change of real estate agent and find someone more used to this type of practice ?

Any recommendations ?

Any experience in the city ?

Thank you.

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Stuart Udis
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Philadelphia
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Stuart Udis
#3 Commercial Real Estate Investing Contributor
  • Attorney
  • Philadelphia
Replied

@Paul Bogard Any real estate agent who promotes themselves as an agent who is a specialist on renting out bedrooms should be moved to the bottom of the list of people to take real estate advice from..... Do you really want to live in a house with a bunch of random people? What happens if and when you move out? How are you going to monitor what's going on with a bunch of randoms living together? Seems like a nightmare and not one I or most others would ever care to take part in. 

  • Stuart Udis
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