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All Forum Posts by: Kyle Johnson

Kyle Johnson has started 0 posts and replied 3 times.

First-Time Home Buyer

Post: Midwest Househacking Advice

Kyle JohnsonPosted
  • Real Estate Agent
  • Minneapolis, MN
  • Posts 3
  • Votes 2
Originally posted by @Jacob Skeen:

@Kyle Johnson for SFH house hack do you still have people sign a lease to kind of protect yourself?

 Yes. I used a pretty standard lease I found online. Very similar to a lease I would make someone sign for renting out the whole place. 

0 Votes
First-Time Home Buyer

Post: Midwest Househacking Advice

Kyle JohnsonPosted
  • Real Estate Agent
  • Minneapolis, MN
  • Posts 3
  • Votes 2

I'm in Minneapolis. I started House Hacking a single-family home and it completely set me financially free. It was 4 Bedrooms so I cash flowed $700 a month while I lived there. I recently bought a tri-plex and moved into it. I don't cash flow well, but I have my own unit and it covers just over my mortgage. My suggestion is to run the numbers first, but if you don't mind living with people, my guess is if you find a big house and rent by room it will cash flow better.

0 Votes
First-Time Home Buyer

Post: Midwest Househacking Advice

Kyle JohnsonPosted
  • Real Estate Agent
  • Minneapolis, MN
  • Posts 3
  • Votes 2

I'm in Minneapolis. I started House Hacking a single-family home and it completely set me financially free. It was 4 Bedrooms so I cash flowed $700 a month while I lived there. I recently bought a tri-plex and moved into it. I don't cash flow well, but I have my own unit and it covers just over my mortgage. My suggestion is to run the numbers first, but if you don't mind living with people, my guess is if you find a big house and rent by room it will cash flow better.

2 Votes