Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply

Down payment needed
How much down payment is needed in this market to cash flow? I am looking to house hack but wondering how much I need? I’m in Chicago btw
Most Popular Reply

This is a pretty vague question, it all depends on purchase price, loan amount, interest rate, taxes, power, water, sewer, cap ex, vacancy, maintenance, rent price. Add all your estimated expenses and subtract from your estimated rental income! You're likely to get an FHA loan if you're housing hacking making down payment much lower but that will also make your mortgage more expensive with a smaller down payment. You've got a lot of research to do my friend! best of luck