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Updated almost 3 years ago,

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Hle Xiong
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Would you start house hacking if there was no cash flow

Hle Xiong
Posted

Hi, I'm trying to purchase my first home ever and plan to house hack a duplex. I'm working with a realtor and right now the price is $500k. I would be using an FHA loan and put down around 5%. Each unit will rent for $1,895. I will of course live in the other unit. My question is, since there's no cash flow is this a good first time investment? This is an up and coming area that's growing a ton. But no cash flow but at least my monthly payment would be much lower. I am very new at this so any advice is much appreciated. What are your thoughts on this?

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