House Hacking Rentals Wont Cash Flow

[Nolan Mahoney]

Hello, I am looking to start my first house hack starting in the northwest suburbs of Chicago, my own back yard in march and i want a 2 - 4 Unit property. i know i may not be Cash Flow positive the first year i start but even after one year when i move out all the properties i have been looking at will be Cash Flow Negitve for atleast the next 5 years and thats not winning. I could change that by lowering my maintance and Cap Ex expenses but i know thats not a smart move because anything could fail at any time. What are some ideas that could help me out in this situation? Look at a neigboring state? Ditch the whole house hacking and find an investor for a SFH? I would really like to house hack but if it doesnt work what are some other ideas?

[Russell Brazil]

What down payment are you using to calculate? If you are using a low down payment...then yes, too much leverage will prevent you from cash flowing anywhere in the country.