All Forum Posts by: Danielle Lindblom

Wondering who is actively house hacking in Minnesota - Twin Cities, in a single family home. 

How difficult was it to find roommates? If willing, can you share what you are currently charging for a room and which city you're located in?

One of my big concerns before diving into house hacking is finding a sufficient number of quality roommates for rent by the room. Would love to hear real stories.

Many thanks! :)

Looking to purchase my first home and intending to house hack (single family - rent out rooms). I've been the renter in this situation for two years, and now it's time for me to switch roles and become the landlord.

My main question is regarding a down payment. I'm just beginning my saving for a down payment, but I did notice the options available for first time home buyers in Minnesota and wonder if this is worth pursuing. Namely there are loans available to cover down payment and closing costs. Since I'll be having others pay my mortgage, I wonder if this is a viable option for my first house. Thoughts?

I'll certainly be piling up cash regardless, but it would affect the timing of my purchase. 

Has anyone done this or had experience with these types of MN first time home buyer loans? Worthwhile or continue saving for a typical 3% down payment?

Thanks in advance!