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Updated over 1 year ago, 07/06/2023
Trouble Finding Cash Flow/Positive ROI!
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!!!