House Hacking Duplex vs. Triplex Affordability Hartford, Ct

[Michael Doherty]

Hi all,

I've been running a lot analysis reports from the rental calculator on BP and all my calculations show that I can never cash flow from a duplex (while house hacking). The average 3 BR Duplex is renting for about 600 per room for a total of 1800 per unit. My monthly expenses come in around 2300 per month. The only way for it to be a profit is if I didn't live there.

My question is: has anyone ever pulled the trigger on an investment property even though it initially didn't cash flow while living there? All the properties I've looked at would cash flow if I wasn't house hacking, however, I have no choice but to house hack.

My other question is: is it okay to go into an investment knowing you won't cash flow the first year, however, when you refinance and move out it will- so therefore you can justify the investment?

Thanks!