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Updated over 2 years ago,
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Looking to purchase my first houston REI property. The building is in the near Northside community of Houston. It is a new build in a gated community with no HOA. I would be coming out of pocket <5k and the first year would be negative cash flow but after that year it would be positive. I plan to house hack and do STR for corporate housing.
1st year: -1850 CF
2nd year: $300 CF