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Updated almost 8 years ago,
Does Hack needs to bring positive cash flow right away?
Hi,
I want to run a question by the community and see if a Hack purchase, have to bring a positive cash flow right from the get-go.
I `m running my numbers, where I plan to buy a property (duplex, triplex), but somehow it doesn`t seem I can break even right after the purchase. It seems I need to move out from the property to start producing cash flow.
At the same time, if I live in the house I will be paying almost nothing for mortgage + the expenses (insurance, water, taxes etc).
So what do you think? Should I not focus so much on the cash flow right from the first month, but just find a property that will eventually start producing cash flow.
To add, I live in NYC, and I'm trying to work with the NYC market.
Let me know your thoughts.
Thanks!