First time househacker

[Jacob Walls]

Hello BP,

I recently closed on my first deal. It's a duplex in a middle class neighborhood that I am house hacking. I used FHA loan to get into the property. I'm new and still learning the loan/financing side so maybe someone can help give some clarity. When I pay off 20% of my loan does my PMI go away? If so then I'll be cash flowing positive while house hacking. With my current situation I'm basically just subsidizing my cost of living.

Any input is greatly appreciated.

Thank you!