All Forum Posts by: Jared Taylor

Hey Ashton! Love the idea of househacking to get into investing. I'm still fairly new as well but I do know that a lot of investors try to go by the 1% Rule when evaluating properties. It's just a quick rule of thumb where you see if the total rent measures up to at least 1% of the purchase price.

So, for instance, on a 200k property, you should be looking for at least 2000$ rent/month, otherwise, it's not that great a deal. Obviously, some areas are going to be more difficult than others for this rule but you get the picture. Maybe you could look into some foreclosures or off-market properties where you can get better discounts. 

Hope this helps!

If you plan on house-hacking, especially in a duplex, you effectively cut your potential rent in half.  And if your total rent is halved, the numbers you run on your analysis are not going to be accurate. With that said, should I base the calculations off the single unit that brings in income, or do the math as if I didn't live in it? Thoughts?