Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Jacksonville Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

3
Posts
1
Votes
Johnny Phan
1
Votes |
3
Posts

Need Househacking advice, thanks

Johnny Phan
Posted

Hi everyone, so im a single veteran and plan to use my VA loan on my first home, and ive decided that i want to househack a 4-plex but there is REALLY limited options, seems most of them are snatched up by investors already but anyways. I found an off market 4-plex here in riverside in jacksonville, florida. They want 475,000$ and currently all four units are rented for 900$ each but luckily one of the units are month to month and my plan is to live in one and rent out the other 3. I added up all my monthly expenses including mortgage and it equals 2,700$ which is exactly how much i will be getting from the other 3 units. Do you guys see any issues with this? I definitely will be living for free but theres no cash flow... should i take it because ill be living for free and whenever i move out in a year i could cash flow afterwards? Sorry to waste yalls time, i dont have anyone close to me that can give me solid advice so thats why im here. Its half a million dollars i would be spending on my first home and i dont want to make any mistakes. Thanks in advance.

Loading replies...