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Updated over 5 years ago on . Most recent reply

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Jesse Ramirez
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Buying & Selling Real Estate

Ok to buy not cash flowing?

Jesse Ramirez
Posted

I’m trying to buy my first duplex using a fha 203k. Already pre qualified. As I look for properties I can come close to cash flowing usually just able to cover my mortgage but nothing much more. Is that normal or is it just a bad deal?

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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
63,142
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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that mean you live for free in one unit if that's the case its a homerun.

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