Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
House hacking breakdown help for Cash Flow?
Hi, everyone!
I'm new to this and want to learn about the math here to see if either of these have cash flow opportunity. Can someone help me breakdown what they would take into account? I would be getting 3.5% FHA loan and would live in one of the units (the smaller ones.) Wondering if I can move from renting currently at $1,400 a month to buying a 2 flat for house hacking. I get the future appreciation and tax benefits come with owning but wanted to know per month if either of these have potential cashflow? THANK YOU!
1. 6030 N Claremont Ave Chicago, IL 60659
2. 6119 N Wolcott Ave Chicago, IL 60660