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Updated over 1 year ago,

User Stats

8
Posts
7
Votes
Devin Voelker
7
Votes |
8
Posts

Negative cash flow house hack

Devin Voelker
Posted

Hello everyone! I'm going to see a property soon and would love some input from you guys/gals. I'm looking at a property in a thriving area its a duplex for 430k 4 bed 2 bath the average rent for a 2/1 is 1500 in this area. The loan I would be using is VA home loan so 0% down I do not have the funds for 20% down, when I run the numbers it's at -750 cash flow with both units rented out. Would this property be something you guys would still consider with it being in a very hot market in Riverside Jacksonville? I can find some cash flow in C- class neighborhoods around me like $100 or $200 but I just don't see any growth in those areas anytime soon so I would like to go B class but -750 just seems a little much. thoughts? solutions?

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