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Updated over 1 year ago,

User Stats

52
Posts
25
Votes
Nolan Mahoney
25
Votes |
52
Posts

House Hacking Rentals Wont Cash Flow

Nolan Mahoney
Posted

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?

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