I plan to purchase my first investment, either a duplex or triplex, in my area in the fall, once i graduate from college to house hack. I started to analyze properties in different areas near me to get a good understanding of what to expect and look for. I have been reading books and listening to podcasts, but one thing i haven’t found is what to look for and expect as far as how much to expect to cash flow (if any) while living in one unit.
For example, if i have a duplex that i live in one side and rent the other, should i be running numbers in anticipation to just have the one tenant pretty much just pay my mortgage? Or should I be looking to also cashflow still?
Hope my question is clear!
@Daniel Lichtenfels you analyse it as if is fully rented out. Your cost will be what the tenants side doesn't cover as your living expense.
@Tim Herman that makes sense. Thank you!