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Updated 27 days ago on . Most recent reply

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Jeremy Pekarek
  • Real Estate Agent
  • Minnetonka, MN
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Curious on House Hacking Marketing

Jeremy Pekarek
  • Real Estate Agent
  • Minnetonka, MN
Posted

Hello all,

I have a few multi-family listings upcoming in Minneapolis. All are fully occupied with either a M2M lease currently in place, or a lease about to be on a M2M lease. Each seem to be legitimate house hacking candidates with the owner-occupant able to purchase at market rate, with 5% down, and still contribute to the mortgage at lower-than-market rate for the owner-occupied unit.

From those who have house-hacked...have you house-hacked a 4-plex? There are 2 duplexes and a 4-plex. Full disclosure I'll be co-listing these with another agent and am wondering how to best present the properties as house hacking opportunities. I feel the numbers work favorably in each of the buildings.

Turn-key Buildings and well-maintained.

Thanks!

Most Popular Reply

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Aaron Zimmerman
#1 Starting Out Contributor
  • Accountant
  • Chicago, IL
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Aaron Zimmerman
#1 Starting Out Contributor
  • Accountant
  • Chicago, IL
Replied

I would just run the numbers and show how it could Be a good house hack. Not rosy realtor numbers but actual numbers like 5-10% for repairs, capex, property management, etc. 

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