Analyzing Multi-Family deals using an FHA loan
Hi everyone,
I am a newbie investor and I have been spending a lot of time analyzing deals. I have analyzed deals using conventional loans and have had great results. When I analyze deals using an FHA loan, that's when I start running into issues. When I use BP's rental property calculator, I am constantly getting negative cash flow reports. I know when you house hack you are losing rental income because you are living there, however, is there a possibility to make any cash flow? Or is the 1st year of house hacking more so to help you save, because you will technically be living for free? When analyzing with an FHA loan, do you analyze as if that first year was already over and both units could be rented out?
Thanks for all your help in advance!