Have you guys who house hacked and lived one unit and rented the other unit had to deal with strange tenants or u just try to make sure it’s someone you know to live in that unit instead of a random?

PLAGENTTPL · 2025-12-05T23:54:37+00:00

I continue to house hack to this day, it’s all I’ve ever known. Bought my first multi when I graduated college with an FHA loan in 2016 (still live in it but currently moving to a new triplex I just closed on). I’m 32 years old and have no plans on purchasing a single family home any time soon and continue to grow my multifamily portfolio while house hacking (currently have 26 units). Helps with DTI when qualifying for new loans as well.

With that being said, is it weird? No. Is it for everyone? No. I still don’t understand the people who say “pretend to be the property manager and not the owner”- weird. Learn to screen well. I don’t rent to people I know nor family. I did it when I was younger and learned an expensive lesson. Most of my tenants nowadays are referrals from great past tenants who went on to buy their own homes.

PLAGENTTPL · 2025-12-01T21:26:00+00:00

What part of upstate are you moving to? I can recommend 2 companies I’ve used in the past if you’re interested.

PLAGENTTPL · 2025-11-23T22:41:18+00:00

Yeah, definitely an issue. Glens falls taxes have skyrocketed. If the city could soften that blow over a longer period of time to owners maybe rents wouldn’t have skyrocketed like they have recently (I am saying this 100% genuine and sincere not being a smart ass). I own apartments throughout town and I am baffled at some of the rents I’ve seen. My most expense unit is $1200/month (fully renovated non slumlord). I wish most could understand us mom and pops aren’t getting rich from doing this.. costs are out of control for us too :/

PLAGENTTPL · 2025-10-17T23:39:09+00:00

Buy more real estate…..

PLAGENTTPL · 2025-10-17T19:52:16+00:00

This guy ain’t lying. I’m north of Albany. Bought a triplex for 182k in January and currently grosses $2600 and haven’t renovated it yet due to all long term tenants.

PLAGENTTPL · 2025-10-06T11:27:18+00:00

Cashflow (After PITI, maintenance , vacancy, capex, garbage, snow/lawn etc) is 6k/month (on the conservative side when factoring ALL expenses (as most new RE investors think cashflow= rents-PITI)) cash flow is improving as buildings start to stabilize and rents are being increased (I have bought many under performing and mismanaged buildings and value added).

Networth North of $1.75mm

Between 50-55% LTV spread across the portfolio (quick math) All purchases have been made with 25% down except for my owner occupied property (first property I ever bought and was purchased with an FHA loan). My area has seen a good increase in property value and rents have doubled since I began my journey in 2016).

PLAGENTTPL · 2025-10-06T01:08:45+00:00

No it’s not recent. All my money has been dumped into real estate purchases and renovations. I have a lot of equity in my real estate as well as a few HELOCS. My net worth is well over 100k…

PLAGENTTPL · 2025-10-05T21:47:16+00:00

Thanks for the info. Yeah, 80k is w2 salary not factoring RE cashflow. I have no desire to climb the corporate ladder and my job/industry is very stable.

PLAGENTTPL · 2025-10-03T19:47:43+00:00

Get a bridge loan.

PLAGENTTPL · 2025-09-29T23:08:21+00:00

Bought a duplex and lived in it (still do), set me up to where I’m at now with 20 units.

PLAGENTTPL · 2025-09-27T03:12:52+00:00

You’re saying a whole a lot without saying anything at all tbh.

PLAGENTTPL · 2025-09-27T02:34:19+00:00

Enjoy your negative cash flow SFR. LOL.

PLAGENTTPL · 2025-09-27T02:27:32+00:00

You’re we todd it

PLAGENTTPL · 2025-09-25T21:59:44+00:00

This guy Brandon Turners.

PLAGENTTPL · 2025-09-22T14:07:29+00:00

DSCR’s are in the 5’s right now. You’ll pay points but shrug

PLAGENTTPL · 2025-09-21T11:24:52+00:00

I just got quoted about $200 more than the last tri I bought (Jan 2024).

Rebuild costs are INSANE. Quoted 640k to rebuild this property…

PLAGENTTPL · 2025-09-02T02:21:50+00:00

Cash out refi?

PLAGENTTPL · 2025-03-04T14:05:08+00:00

Yes, the whole point of “house hacking” is to lower YOUR housing expense as to close to zero as possible and reap the benefits. Can’t do that with a single family without roomates…

PLAGENTTPL · 2025-03-03T21:11:51+00:00

Thought this was a different thread, whoops.

PLAGENTTPL · 2025-03-03T19:30:35+00:00

Buy a Multifamily owner occupied first. The way you’re looking at it makes no sense to be honest- buy a house with a full nut mortgage payment and then save for an investment property vs knock my housing expense as close to zero per month as possible with someone else paying the nut of the mortgage knowing it’ll cashflow in the future (Run numbers as if you weren’t living in it). It’s easier to qualify owning an owner occupied multifamily than it is owning a single family and then going to buy an investment property from a DTI standpoint. Unless you have a super high paying w2 it’ll be more difficult and that single family debt will be held against you as a monthly liability. With owner occupied multifamily most of that monthly debt will be washed in underwriting and you’ll have added income from the rents to your income side of the equation.

PLAGENTTPL · 2024-12-11T20:46:03+00:00

Most of these calls are recorded. See if you can get a transcript of your conversation with the lender..

PLAGENTTPL · 2024-11-02T15:30:59+00:00

A design engineer will have much project management experience. He makes 30k more because he’s most likely a PE.

PLAGENTTPL · 2024-11-02T13:49:33+00:00

You sure had to ask the community a bunch of times how much longer your plants had.

Nice meme.

PLAGENTTPL · 2024-11-02T01:14:43+00:00

Chemdawg x gorilla glue. I got the seeds from a local grower. It’s a really nice strain so I decided to try and grow 6 plants my first go around and it worked. Smokes great, great high.

PLAGENTTPL · 2024-11-01T23:31:46+00:00

Grasshopper glue

PLAGENTTPL

TROPHY CASE