General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Cash flowing in a hot equity market through house hacking
So I’m living in a hot equity market (Washington DC) at the moment and wanted to purchase a multifamily ,2-4 unit, as my first property. The more I research and network, I am coming to the realization that they are almost non-existent unless I want to put up a down payment for 650k+. So, I’ve been researching single family house hacking and how I could possibly take that route. Does anyone have experience with hacking a single family in a hot equity market like DC? What are some factors that are playing in my favor? What are some factors that are not? Can you even cash flow or is that a question you can’t answer without seeing the numbers? (I’m guessing so) What are some factors that come into play when you want to cash flow in an mainly equity market? Cash flow would be great but breaking even with rents is my main goal. Any insight?