All Forum Posts by: Erwin McClain

This is a topic that i'm very interested in discussing, lets talk about it !!!

We can do a direct message, My strategy is BRRRR, I have a SFH where I live in the basement & rent 4 rooms for cashflow

It depends on your goal.  When I first started house hacking, I had to pay a portion of the mortgage but as time went on & I added a few amenities like backyard eating area with patio furniture (inexpensive from FB market place $30 bucks), hi speed internet, etc... As time went on I raised the rent and now the housemates (tenants) cover the mortgage with some pocket change for me.  Hope this helps.

As a landlord who house hacks, I understand your plight.  I assign the chores but just clean up myself simply because its my property & have come to the conclusion that they won't take care of it like I will.  Just to avoid the headache, I raise the rent every year, lol.  You can write it into your future lease and assess fines as needed. I.J.S.

Ok, Thanks @Aaron Zimmerman

Thats exactly what I was thinking, It makes since

I appreciate your input.

Thanks,

I've been in my primary for over 15 years. Just to be transparent, once i reach out to my insurance company i'm sure i'll need lanlord insurance & potentially a few other things.

Thanks Nick, I'll reach out to my insurance company shortly

It absolutely helps,

Thanks Dominique

Hello fellow house hackers, I'm currently in a situation whereas I don't want to make a careless mistake.  I'm looking to move out of my primary residence and turn it into a full time investment property and move out to another primary residence where I will repeat a house hack.  I was informed that I need to reach out to my mortgage company & see if they will let me do this.  Is this true ? looking for answers/support .

Thanks in advance

used the calculator, I think it uploads from there