Multi family properties

[Taylor Smith]

So I’m a new investor looking to buy a multi family. Now when I use the calculator since I’m going to have to put 3.5% down I run into a high mortgage. In short that high mortgage is causing me to be negative in cash flow. Now if I have to come out of pocket on a mult family property a couple hundred bucks, is that better then not having a property at all and saying forget it? Kind of need some advice on that! Should I continue Pursuing the property or no?

[Jaysen Medhurst]

@Taylor Smith, we need more info. Respond with specifics, especially the numbers.

I assume you're planning to "house hack" for at least a year and use a FHA loan, right? If you're not planning to owner-occupy, you'll need 25% down.

In short, I would never buy a property that I knew won't cash flow. That's a recipe for disaster. Let's see what the numbers say.