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Updated over 2 years ago,
House Hacking in the Cary-Durham-Raleigh Area
Hi! I'm a beginner and looking to start my real estate journey by house-hacking either a multi-unit condo or a multi-family with an FHA loan. I don't know much about the market or what to expect to be the "average" multi-unit property's potential cash flow. But, from the looking around I've done, most of the multi-unit properties (mostly 2-3 unit) I've looked at seem like they would actually have a negative cash flow using an FHA loan. Is that normal in this area? Or am I not looking hard enough? I would just like some clarity from someone with more experience, thanks!