Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago, 03/08/2023

User Stats

16
Posts
10
Votes
Tomas Valladares
  • New to Real Estate
  • Dallas-Fort Worth Metropolitan Area
10
Votes |
16
Posts

Cash Flow on House Hack

Tomas Valladares
  • New to Real Estate
  • Dallas-Fort Worth Metropolitan Area
Posted

Hi BP community! I'm looking for some guidance on house hacking. 

Background:
I'm in the DFW area and preapproved for 300k at 7.25%. The houses in my area that could work (3bd 2ba) are at the bottom of the market around the 260k-280k range. Putting 20k down, my expected housing payments are going to be around $2400 a month. I'm estimating $1800 in rental income from three roommates so I will be paying ~600 a month. I am currently paying $600 a month in my current apartment.

Question:

With current interest rates, I am not able to lower my housing payment below what I currently pay in rent. However, I am able to get myself into a house where I will be able to pay rent back to myself and build equity, likely appreciation, landlord experience, and increase my quality of living. Does this count as a house-hacking win? 


I know most people try to lower their housing payments to below what they would pay in rent but that's not going to be possible in my case. Also, I do not expect I will be able to have positive cash flow after moving out unless rents in my area increase and/or interest rates fall.

Thank you very much for any responses! Please let me know if you'd like any other details.

Loading replies...