Advice on house hacking in Massachusetts

[Sam Olubakinde]

Im seeking advice on a current townhouse I am looking to get into in Massachusetts. I am pre-approved for about 530k but really interested in a turnkey townhouse for about 599k and will be getting roommates to supplement/cover the mortgage. The place is 4b3b and will be renting 3 rooms

The monthly mortgage will likely be around 5.1k - 5.3k and I only bring in 5.4k a month, hence the roommates to cover about 3.5k to 4k

Is this too much of a risk for a first time buyer, knowing how expensive Massachusetts is.

[Lien Vuong]

Your take home income is $5400 monthly? Unless you're putting a major amount of money down I dont understand how you're qualifying for the mortage on this. On a single unit property the lender will not be counting rental income as 'income' on your property so you can scratch that off the list. 

Short answer is yes, too much risk and very improbable.