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Updated over 5 years ago on . Most recent reply
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If I don’t have cash flow?
If after all expenses are paid but I don’t have cash flow, is it a bad deal? Looking into buying a triplex for $370k. Looking to house hack for a year then moving out.
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@Simon Obas -- I think there's an important distinction to make from the information you provided in your original post. You mention that the property doesn't cash flow, but you plan to house hack for the first year. If the property doesn't cash flow, but you are living in it and have your expenses paid by rent (or even pay a small expense), it sounds like you'd be golden. When you leave the property, that unit can be rented and will provide you cash flow that likely makes the situation appealing. If the property does not cash flow with all units rented (and you not living there), there's less meat on the bone, so to speak, and requires further analysis.