House hacking not only lets you live for little to no cost, but from a tax perspective, you can also deduct a portion of mortgage interest, property taxes, utilities, repairs, and depreciation against rental income, potentially reducing your taxable income.You’re already ahead of the game by budgeting, and planning ahead.

If you had better than house odds at being made whole, it might make sense but there's just no upside here.

But it’s a bit of a gamble on how long that will take to happen, and if it will actually happen.

Over time, that house has filled up with five working adults, which caused the rent to increase quite a bit.

I would look to stabilize this house hack deal and save up for the next one.

I did a house hack in Columbus, Ohio in 2017

A wall added to divide the living area from the bedroom and an egress window in the bedroom.I have not priced out for the area but I assume I can rent it out for 600/700Looking to see does this blur the lines of house hacking or is this considered a full on "ADU" within the property.

Usually, I only collect $2k - $3k for earnest money unless my assignment fee is above average or the house's ARV is $500k+Sounds like they're trying to pressure you into signing and purchasing the property quickly, which I take as a red flag.

Hey @Tanner Davis, house hacking is a great way to start - my wife and I do this as well, we have several rentals and will continue to building a portfoilio this way.

Currently i have a house that i owe 389.4k on i want to upgrade and get a 650k house gonna try and negotiate to 600k or 625k they pay closing how can i make a max return in the way of low morgagte payment and selling my current house or should i keep it i can resell it for 450 from what ive been told so maybe a little lower then that trying to get new house to live with parents what should i do should i cashout refinance and use that on the new house downpayment keep in mind im using the va loan for all of this any optins or moves would be appreciated