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Updated over 3 years ago, 05/21/2021

User Stats

59
Posts
20
Votes
Frank Teshima
  • Investor
  • Maui, HI
20
Votes |
59
Posts

House Hacking in Dallas Market

Frank Teshima
  • Investor
  • Maui, HI
Posted

hey all, im a currently new to REI. Ive been listening to podcasts, reading a ton of books and practice running numbers on deals for the past 6 months. Now as my lease comes to an end in September, i feel like its time to start looking for Realtors and Lendors so i can get in a househack. Im really wanting to get into a duplex, using an FHA 3.5% down. However, ive been looking at the prices and how much they can rent for, and it seems like I would not be cash flowing at all, and i would be simply paying more than i am paying for rent at my apartment. I am fully aware of the benefits of owning my own property, so i am wanting to know others feedback or past experiences with househacking in a similar market where price points are high, and you will have to be covering about 50% of the PITI as well as tips on anything to do with househacking. Thank you!!!

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