All Forum Posts by: Nathanael Leece

@Nathanael Leece I invest mainly in the Albany, New York and surrounding region. In general there are great deals out there that WILL allow you to cash flow on a house hack property. I very carefully make the statement of I think you're looking in the wrong places. In general, especially if you haven't purchased a house before, there's plenty of opportunity to go out there and find something in the $200,000 range that WILL generate you income above and beyond your monthly payment, even while living there. Consider in this that there are properties out there that have 3 and even 4 apartments all the way up and around the $200,000 price point.

Add in the possibility to purchase a property that needs some extra work that you can do yourself, and then you're really cooking. You can even go the extra step and AirBnB your vacancy. Although you're signing up for a little bit more work, if that doesn't pay your mortgage I'll quit doing real estate.

That said, upstate NY is a pretty large place. Where specifically are you looking?

I have been starting to look more for 3-4 unit buildings, I am looking in the Albany area primarily mechanicville, Troy, Waterford.

0 Votes

Upstate New York, New York

I have been starting to look more for 3-4 unit buildings, I am looking in the Albany area primarily mechanicville, Troy, Waterford.

0 Votes

Upstate New York, New York

Yes it would cash flow when we move out, and my realtor thinks the seller would take a little less. and the monthly payments would be a good deal less than if we bought a single family residence!

1 Vote

Upstate New York, New York

I am very new and looking to do a house hack for my first property. The problem is that I live in Upstate New York. Every decent looking duplex I find costs over $200,000. When I do the analysis I find that the properties simply won't cashflow if my wife and I were to live in one unit and rent out the other. In fact it would still cost us a few hundred dollars at the end of the month. What I am wondering is whether or not it is still worth it? Considering that the amount of money we would be paying would still be less than our current rent, and we would be at least building equity this way. Is it worth it?

I greatly appreciate all advice and wisdom!

3 Votes

Upstate New York, New York

All Forum Posts by: Nathanael Leece

Nathanael Leece has started 1 posts and replied 4 times.

Post: Is a House Hack worth it if it wont cashflow right away?

Post: Is a House Hack worth it if it wont cashflow right away?

Post: Is a House Hack worth it if it wont cashflow right away?

Post: Is a House Hack worth it if it wont cashflow right away?