Hey everyone, I’m potentially moving out to the Philly area for work. Looking to house hack in the area hopefully within 30-45 mins of the PHL airport. Would appreciate any advice on this market as I’m unfamiliar with the area. Thank you.
Pick the 3-unit if the other two units cover PITI on their own. A duplex near PHL will usually still leave you paying part of the mortgage, the third door is what gets you close to living for free. Tradeoff is more tenants, more turnover, and tighter 3-4 unit financing. I am a broker in Sacramento and I run the same math on every house hack. Hope this helps, DM me if you want a second set of eyes on the numbers.