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Updated over 2 years ago on . Most recent reply

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39
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Max Lichtenstein
13
Votes |
39
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House Hacking Cash flow

Max Lichtenstein
Posted

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

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177
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188
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Malkia Ra
  • Rental Property Investor
  • Prince George's County, MD
188
Votes |
177
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Malkia Ra
  • Rental Property Investor
  • Prince George's County, MD
Replied

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.

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