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Updated over 7 years ago on . Most recent reply

User Stats

23
Posts
19
Votes
Erik Nordgaard
  • Investor
  • San Diego, CA
19
Votes |
23
Posts

Househacking Cashflow Dilemma

Erik Nordgaard
  • Investor
  • San Diego, CA
Posted

Bigger Pockets Family, 

I've found a multiplex/househack that has me wondering if I'm being too conservative. Essentially, the mortgage, taxes, insurance are covered by the cashflow from the other three units. However, out of pocket I'd have to cover the management fee and all utilities except electricity. The rent I pay now would cover the difference with utilities, fees and savings. Do you think I should pull the trigger and make an offer? Ideally, I want something that ideally would CF off of 3 out of 4 units being occupied. Am I being too cautious here? All the normal CAPEX expenses are covered, namely the home has a new heater, roof and is certified asbestos free after being built in 1908. Looking forward to your help!

  • Erik Nordgaard
  • Loading replies...