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Updated almost 6 years ago,
Losing Money Due to Vacancy
I live in the Northern Virginia area where most of the properties have about a $3,000 a month mortgage. My partner and I are looking to buy our first property soon and we plan to house hack it for a year. I think about the risk we take buying a place with a high mortgage. Isn't it kind of silly to invest in such an expensive area? Let's say we cash flow around $270 a month, and then we are vacant for a month. That would mean we pretty much lose all of the money we made right? Am I overthinking vacancies or is this something I should be prepared for?