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Updated over 2 years ago on . Most recent reply
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House Hacking Cash flow
My friend and I are looking to split the down payment of a house hack. We live in half rent the other half to a tenant. Being from Massachusetts, the few apartments we have looked at the rent doesn't totally cover the Mortgage. Does that make this a bad deal. We both are working, we will be able to make money working but the real estate itself won't. Is this a common occurrence with house hacking, or more of a Massachusetts problem?
Most Popular Reply
Unless you're renting multiple rooms of a home/units of a building, don't expect the cashflow from house hacking to cover the mortgage, but rather, offset the mortgage/expenses.