The question
Should I buy a place where part of it pays the mortgage?
Usually the cheapest legitimate entry into owning something that earns.
What we know
Pulled from My Stuff. Nothing is re-asked.
Nothing on file yet that bears on this decision. You can still work it through here — or add a few things in My Stuff so every future decision starts warmer.
What we still need
Only the things that genuinely move the answer. Approximate is fine — leave anything blank and it stays a stated assumption, never an invented number.
Stated assumptions
- Assuming price not provided.
- Assuming cash you have for down and closing not provided.
- Assuming rent from the part you'd let not provided.
- Assuming property type not provided.
CredABLE won't turn these into an authoritative-looking figure. Where a number decides the answer, it will say so and ask.
Options
Real alternatives. Very few of these decisions are actually yes or no.
Buy a small multi-unit and live in one
Owner-occupied terms on a property that earns.
Buy a single-family and rent rooms
Simplest version, least separation.
Buy with a separate unit or basement
Middle ground on privacy and income.
Rent now, buy this later
If the down payment or credit isn't there yet.
Impact
What CredABLE will compare the options on.
What changes the answer
Assumptions that can flip the recommendation, stated up front.
- Whether the lender counts the rental income toward qualifying — some do, with conditions.
- Your tolerance for living next to your tenants.
- Local rules on renting rooms or units.
CredABLE's take
A clear read on your version of this, plus the next move.
You'll get one interpretation, not a shrug — and every assumption behind a number will be written in front of it.
Save this scenario
Come back to it, or compare it against another.
Examples: “$650k house”, “Pay off cards”, “HELOC option”, “Investment property #1”.