Looking to househack a multifam for 1st prop. Is it a reasonable goal to break-even?

[Connor Sheehan]

Hello everyone,

I am ready to begin my real estate investing journey and am looking to house hack a multi-family property to get into the game for little down payment. Is it reasonable goal to look to break even on this first investment? I've been evaluating the expected expenses for deals in my area and the numbers do not seem viable based on current rates and home prices.

Any advice or past experience with househacking via FHA on multi-families would be greatly appreciated.

[Jason Bowden]

Quote from @Connor Sheehan:

@Jason Bowden thanks for the insight Jason. Did you plan to move and repeat the process after a year in your 4plex? 

If I could, perhaps. But buying the 4plex tied up a lot of my capital for the next down payment. Especially where I'm located, real estate is expensive. I'm investing in some other non RE opportunities at the moment. 

Also it's lot of work moving, and I like where we live right now. We live in a nice part of town and our tenants are cool.