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Updated 4 days ago on . Most recent reply
House Hack questions
I am currently house hacking a four plex. I want to get a duplex next but have a couple questions. I’ll profit roughly 400-600 from the four plex. What should I look to pay for living in a duplex? If I pay half is that okay? Or look for something where they pay closer to 3/4 of the mortgage?
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Aaron Zimmerman
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Aaron Zimmerman
#1 Real Estate Deal Analysis & Advice Contributor
Tax & Financial Services
Pro Member
#1 Real Estate Deal Analysis & Advice Contributor
- Accountant
- Chicago, IL
Any reduction in housing expense is good but I'd say you're looking for the other side of the duplex to cover at least half of the total expenses on the property. The biggest thing with house hacking is saving money on rents while you live there and it cash flows after leaving. If it doesnt Accomplish both of these ends, it's not a good deal
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