House hacking for a beginner

Dallas, Texas
House Hacking
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House hacking for a beginner

Dustin Warnock
Member since 2026 · 1 post · 0 votes

Hello! I'm a wholesaker and I'm looking to get into my first investment property. Anyone that has house hacked I'd love to talk to you! I have so many questions.

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  • Joseph CacciapagliaBusiness Member
    Lender · San Antonio, TX · Member since 2020 · 1k+ posts · 1k+ votes
    2mo

    I started investing 20 years ago by house hacking a duplex in College Station, TX. I've done it several times since, and helped others do the same. What questions do you have?

    [email protected]979-218-2286
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  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    2mo

    What's your questions? Fire them off, plenty of people can answer. You can also attend meet ups and locally meet investor/vendors in your market

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  • Ashish AcharyaBusiness Member
    CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
    2mo

    Coming at this from wholesaling first is worth flagging before you house hack, the two get taxed completely differently. Wholesaling is active income, ordinary rates plus self employment tax, while the house hack, once you're renting out the other unit or rooms, gets passive treatment with depreciation on whatever portion is rented out. Keep those two in separate entities if you can, running both through the same LLC just muddies things and can cause headaches down the line if you want the house hack treated purely as an investment.

    One more thing on the house hack itself, only the rented portion qualifies for depreciation and deductions, not the part you live in, so get that split nailed down early based on square footage or unit count.

    Happy to connect!

    [email protected]941-914-7779
    INVESTOR FRIENDLY CPA®5241 Reviews
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    TaxMD™ | AI-Powered Tax Planning
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  • Minho Lee
    Real Estate Agent · Worcester, MA · Member since 2026 · 114 posts · 53 votes
    2mo

    You’re in the right place! A lot of people here have house hacked or are currently doing it.

    What questions do you have?

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  • Danielle DalyPro Member
    Rental Property Investor · Denver, CO · Member since 2021 · 54 posts · 74 votes
    2mo

    Also happy to answer any specific questions you have! I've house hacked a few times in the Denver metro area and can't recommend it enough.

    [email protected]Podcast Guest on Show From 70 Hour/Week Burnout to Getting Paid to Buy Properties
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  • Sebastian LamneckPro Member
    Member since 2022 · 5 posts · 7 votes
    2mo
    I’m in the same boat and look forward to hearing your questions and experienced answers.
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  • Trey Belmore
    Lender · Dallas, TX · Member since 2023 · 18 posts · 6 votes
    2d

    Dustin-

    I am a lender in the Dallas area and work with a lot of house hacking investors utilizing FHA or Conventional financing on multi unit deals. I have personally house hacked 4 properties since 2017 utilizing a combination of FHA and Conventional financing. FHA is great if it is 1-2 units but if it is 3-4 units the property has to pass something called a self sufficiency test which typically doesn't make it viable. Conventional with 5% down for 3-4 units could still be very attractive. There are also less costs with a Conventional loan and you have PMI (mortgage insurance) benefits. Happy to connect and discuss further!

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  • Marcus Delgado
    Investor · Forth Worth, TX · Member since 2026 · 7 posts · 2 votes
    12h

    Hi DUstin.

    House hacking is a great first move honestly. I'd check out Mashvisor for rental rates and occupancy by neighborhood, and Estatalyze for microeconomics livability and housing data, then use them together to get your numbers. Like I'll pull rental comps from Mashvisor to see what the unit could actually rent for then cross check the neighborhood on Estatalyze to make sure its someplace I'd actually wanna live and that the area isnt about to tank. If the rent numbers work and the neighborhood checks out then I run the full analysis with todays rates. One piece of advice I wish someone told me earlier, dont wait for the perfect deal. Make it perfect! Good luck!

    M

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