All Forum Posts by: Al Costanzo

Thank you everyone for your responses! I will definitely look into all the places that were mentioned. I really appreciate it.

I would like to purchase homes under 150,000-200,000 that can cash flow very well. My question is if you can go anywhere in the United States, where would you go if you are looking for properties that cash flowed a lot? Where would be some areas that you would recommend? Thanks in advance!

Hi Everyone,

I am curious where the best place to buy right now, in regards to cash flow a property can produce, for someone commuting into the city. I am open to anywhere within 45-60 min of Manhattan. I want to house hack to eliminate my rent and to start gaining equity in a house as I live their for free (hopefully). I know a lot of markets in the New York area are not cash flowing very well. I was hoping someone knew of some markets that are better than others. Also, in regards to what states is best for to buy properties, CT, NJ, NY? 

Thank you!

I plan on buying a property when I get out of college to house hack. I know there is an FHA loan where I can put just 3.5 percent down. But will this affect my cash flow in a negative way? If I use a conventional loan and pay a 25 percent or more down payment, would my cash flow increase significantly compared to the FHA loan?

House hacking in Houston could be your best bet, only have to put 3.5 percent down and if you find a good enough duplex, triplex, or 4-plex, the other tenants rent should be able to cover your rent. You would have to work the numbers to make sure of that.

I am currently a student at West Virginia University and I was debating on doing a house hack as I got my masters here. I won’t have a solid income and that worries me tremendously in case I do have vacancies. I would use a FHA loan so I’m able to put just 3.5% down. I am currently reading up as much as possible on real estate. I don’t plan on doing this for another year, I am finishing up my junior year now. So my question is, do I wait to house hack until after I get a steady job or is house hacking earlier than that as I am getting my degree an option?

I am from Danbury CT and I am currently a student at West Virginia University. I am currently trying to gain as much knowledge as I possibly can so I can make a real estate investment when the time is right. I am currently a student with not a very large income. I want to get started in real estate as soon as possible! So I want to get us much knowledge as possible so when I am met with the opportunity to invest, I will be able to successfully!