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House Hacking
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Updated about 4 hours ago on . Most recent reply

User Stats

23
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13
Votes
Tyler Warlow
  • New to Real Estate
  • Raleigh, NC
13
Votes |
23
Posts

Is House Hacking Still Feasible

Tyler Warlow
  • New to Real Estate
  • Raleigh, NC
Posted

Hello everyone!

I am trying to understand if house hacking is still a viable option if you pursue any options beyond rent by the room. Does anyone have any examples where they were able to do a house hack without this method and where the average SFH price is around 400K?

I am hoping to pursue a house hack in the Raleigh, NC or surrounding areas. The general trend that I have been seeing is that cashflow is going to be hard to generate in today's market unless you are able to rent room by room.

Unfortunately, this is not an option for my spouse and I due to past experiences with roommates. My wife is open to a situation where we are able to create separate living spaces, hence my question.

Most Popular Reply

User Stats

136
Posts
49
Votes
Micah White
  • Real Estate Coach
  • Chicago, IL
49
Votes |
136
Posts
Micah White
  • Real Estate Coach
  • Chicago, IL
Replied

Long story short, house hacking is still possible! Given where rates are and general lack of scale when investing in SFH, its going to be tough to cash flow by house hacking but not impossible! If your goal is to grow a real estate portfolio and build equity over time, I think a house hack deal where you break even is still a win. Happy to discuss further if needed

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