House Hacking During a Pandemic
I’ve heard a lot of talk going around that newbie investors should be saving up and holding onto their cash instead of investing during these uncertain times.
My thought process however is that, if you have the cash reserves, you purchase a multi family house hack that you can afford even if you can’t find the tenants. What could go wrong?
- I’d have 6 months reserves
- I’d be able to afford the mortgage payment if we couldn’t fill it
But, if everything went RIGHT I’d just be saving even more money because our tenant(s) would be paying the mortgage.
Thoughts?