Help for House Hacking to the next house

Tulsa, Oklahoma
House Hacking
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Help for House Hacking to the next house

BenJamin Persinger
Member since 2026 · 1 post · 0 votes

Hello, I'm currently in a house hacking method and I'm looking at transitioning into another house. What is the best way to rent out the old house to cover the cost of the mortgage? Do I find a private investor, or would the bank approve another loan for another house hacking method?

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  • Caleb Brown
    Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    2mo

    If you are asking about renting your former house you would find a tenant. Whether you self manage or involve a property manager. 

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  • Mohammed Rahman
    Real Estate Broker · New York, NY · Member since 2020 · 2k+ posts · 1k+ votes
    2mo

    Hey Benjamin,

    If you've lived in the property long enough to satisfy your owner-occupancy requirement, you generally don't need a private investor just because you're moving out. Many investors simply convert the first property into a rental and then qualify for another owner-occupied loan on the next house hack.

    The biggest question is whether you can qualify for the new mortgage. Your lender will look at your income, debt-to-income ratio, credit, and in many cases they'll also consider projected rental income from your current property, provided it's documented appropriately.

    Before making the move, I'd also run the numbers carefully. Make sure the expected rent doesn't just cover the mortgage, but also accounts for taxes, insurance, maintenance, vacancies, and capital expenditures. Breaking even on the mortgage alone can leave you exposed when unexpected expenses come up.

    I'd start by talking to a lender before shopping for your next property. They'll be able to tell you exactly what you qualify for and what documentation you'll need to use the rental income from your current home.

    Hope that helps. Feel free to DM me if you have any more questions!

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  • G. Brian DavisPro Member
    Investor · Hatboro, PA · Member since 2016 · 2k+ posts · 854 votes
    2mo

    If the property makes a good rental, you generally don't need a private investor. Many people keep the first house as a rental and buy another home with a new owner-occupied loan if they qualify. Just make sure the first property works as a rental before you move on to the next one. I'd also talk with a lender early so you know what your options are.

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  • G. Brian DavisPro Member
    Investor · Hatboro, PA · Member since 2016 · 2k+ posts · 854 votes
    2mo

    You don't need a private investor for this, a tenant and a signed lease usually gets you there on your own. I'd get the old house leased first, then bring that lease to your lender, since most conventional and DSCR lenders will count 75% of the rent toward your income once there's an executed lease in hand. That usually qualifies you for the next owner occupied purchase without outside capital. Keep a few months of reserves on hand too, since lenders like to see a cushion before approving a loan on top of the first mortgage.

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  • Arman AhmedPro Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2024 · 2k+ posts · 923 votes
    2mo
    Quote from @BenJamin Persinger:

    Hello, I'm currently in a house hacking method and I'm looking at transitioning into another house. What is the best way to rent out the old house to cover the cost of the mortgage? Do I find a private investor, or would the bank approve another loan for another house hacking method?


    If your current property will cash flow as a rental, you're already in a good spot. Many investors simply qualify for another owner-occupied loan as long as they meet the lender's income, debt-to-income, and occupancy requirements. I'd start by talking with a lender to see what you qualify for before bringing in private money. If the numbers work and your first property performs as expected, repeating the house hack strategy can be a great way to build a portfolio over time.

    [email protected]614-418-6081
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  • Aaron ZimmermanBusiness Member
    Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
    2mo

    You'll need to talk with your lender about this and see what you can and can't do. For the rents, I'd be looking at rental comps in the area to see what you can get and ideally you can cash flow. 

    [email protected]
    Brick House CPAs53 Reviews
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