Updated over 7 years ago on . Most recent reply
House Hacking - paying expenses the first year; cash flowing next
Looking at a duplex to house hack as my first property. It's looking like the one unit I plan to rent out will cover the mortgage payment but I am still left with an estimated 2-300 hundred in expenses that I will pay out of pocket monthly. With those that have successfully house hacked, was it normal to have some out of pocket monthly expenses the first year or did you guys break even and/or profit from the deal monthly?
Of note. If I move out after a year or two and rent out both units the cash flow will be around 450-550. Do you guys like this deal?