Updated over 6 years ago on . Most recent reply
House hacking question/strategy
The market I am currently in has a dearth of deals for cash flow. I am wondering if investors/anyone in general have utilized the house hacking strategy in order to have the tenants lower their mortgage significantly as opposed to cash flowing positively. Obviously you would prefer to cash flow positively, but the market I am in (Chicago) has very few properties that meet the 1% rule. Owning the equity and getting appreciation from the property would have its benefits, in addition the amount I would pay on a mortgage with the rental income would be much less than I pay in rent currently.Looking forward to everyone's thought.