All Forum Posts by: Nolan Mahoney

Yes I am using an FHA, I'm even considering maybe even 5 - 10% down just to have more equity in the property. Most of the time by me even 25% down isn't enough. But like others have said it cash flow is not the only source of income I can make from it.

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?