House Hacking a multi-family property w/ an FHA loan in DFW. Thoughts?

[Daniel Mendez]

Hey everyone,

My wife and I have some cash to deploy and now we are between investing that money in DFW or out of state.

If we decided to invest in DFW is there a high probability of still finding multi-family properties (1-4 units) that we can house hack with an FHA loan that can potentially cash flow after year 1 or at least break even?

With property taxes sky rocketing not sure how many opportunities there are to even still cash flow here in DFW. 

Has anyone recently house hacked a duplex, triplex or fourplex out here in DFW? 

[Daniel Mendez]

Quote from @Bruce Lynn:

From what I normally see you probably need about 30% down to cash flow and also pay your 1/4 share of the mortgage.  Obviously there can be exceptions and depends on where your wife wants to live.

I'll guess it is easier to find and qualify on a 2 unit, we don't have many 3s, and your wife probably won't live in a 4 and they seem to be few available.

 Yea it seems triplexes are hard to come by. 4 units tend to be in the worst parts of the city. I think if I want to invest where I can potentially cash flow it must be down out of state.