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Updated over 1 year ago, 07/06/2023

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2
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Frank Bavaro
2
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Trouble Finding Cash Flow/Positive ROI!

Frank Bavaro
Posted

Hey, everyone. 24 year old new grad Physician Assistant looking to build some serious wealth. I'd love to get my foot in the real estate door via a house hack. I've been seeing a bunch of homes in the 550k-750k range in the Staten Island, NY and Bloomfield, NY areas, many of which I had been running numbers on which produce a negative cash flow and/or positive ROI!

Given I am new to RE and still learning, what tips do you have for me to find a winner? Is it as simple as to just keep searching for a deal? Is my price range too high/low? Am I not looking in the right locations? Should I wait for interest rates to come down? 

Lastly, I do still live at home with my parents and plan on doing so for another year or two - I don't have any living expenses at this moment. Do you recommend I take upon a different real estate strategy other than house hacking given my current living situation?

Thank you in advance!!!

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