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Updated 3 months ago, 08/09/2024

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6
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2
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Nicholas Whelpley
2
Votes |
6
Posts

Does it make sense to buy for rental property that doesn't hit 1% rule if I Househack

Posted

I have been listening to the bigger pockets podcasts for a very long time and have been in analysis paralysis for years. I plan to take the risk ASAP and am looking at a rental property that I plan to house hack. I plan to live in the unit for a couple years before moving out and buying another property. The property does not hit the 1% rule currently but I believe with all the continued development in the community that within the next couple years I can raise rent enough to hit the 1% rule. What would you do? it is in Massachusetts so appreciation is there but cashflow has always been lacking. 

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