House Hacking Calculator: How To Analyze House Hack Deals

In this video you'll learn how to properly analyze a house hack deal. I cover how to assess the property as your primary residence AND as an investment property using a house hacking calculator I've been building for years!
House hacking is a great strategy for a new investor or savvy homebuyer. You buy more house than you need and rent out the extra bedrooms. Or you buy a multifamily property, like a duplex or a fourplex, and rent out the other units.
Whether you're buying a single-family home or a multifamily property, this smart spreadsheet will allow you to:
✅ assess the true cost of living in the house hack
✅ compare house hacking to renting or buying traditionally
✅ model future income, expenses, cashflow, and equity gains
✅ and even determine when you should move out
My FREE house hacking calculator👇
duplexcalculat...
Need help finding a house hacking agent?👇
www.duplexcalc...
Jon Schwartz (CA DRE 02123925) operates House Hack Los Angeles, a real estate team brokered by Fathom Realty Group, Inc. (CA DRE 01901202).
#jonschwartz #househackingcalculator #firsttimehomebuyer

[@thejonschwartz]

My FREE house hacking calculator 👉 www.duplexcalculator.com

[@matthewd439]

This is fantastic. Would be more comprehensive with some of the tax info as well. Depreciation + write offs, etc. Still an amazing resource! I am so grateful

[@thejonschwartz]

You're right, but oh man... Getting into the tax benefits would really be going down a rabbit hole. Make sure you're getting all of your tax write-offs by watching my video about them:
ua-cam.com/video/BPZotZ_tqrs/v-deo.htmlsi=99SF-wIWk1LgEwKD

[@ApolloPS2]

Thanks Jon, love the spreadsheet and now we get to easily save properties!

[@Mar10001]

This is amazing. Thank you! I can’t wait to try it.

[@natersdawg]

This is very helpful, thanks Jon

[@thejonschwartz]

Happy to help!

[@wadebarnett7461]

This is rad.

[@thejonschwartz]

Thanks, Wade!

[@koledolores]

Thanks for the calculator! What's the best way to factor in any upfront repair/renovation costs? Does the calculator take into account tax deductions you could take

[@thejonschwartz]

Thank you! The best way to factor upfront repair/reno costs is to work with a real-estate agent who's also an investor and knows how to ballpark. Get a decent ballpark number before offering, and then, if you go into escrow, get a contractor out during your inspection period to get a tighter estimate. And the calculator does not take tax deductions into account, though I made a whole video about the tax deductions you can take as a house hacker: ua-cam.com/video/BPZotZ_tqrs/v-deo.htmlsi=LwSOsvC_KJ4jRSq4

[@josephgriffith5535]

I love the calculator but why does the expenses jump up $900 on the calculator the year I plan to move out?

[@thejonschwartz]

Thanks!
Expenses jump us when you move out because the unit you just left is now considered a rental and incurs expenses. While you live there, your maintenance, vacancy, and utility costs apply only to the unit that's rented. When you move out, these costs apply to both units. Does that make sense?