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Robert Power
  • New Orleans, LA
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Anyone Househacking Multifamilies in New Orleans?

Robert Power
  • New Orleans, LA
Posted Nov 6 2016, 18:33

Hi all,

I am fairly new to BP so if this post is in the wrong place feel free to let me know.

Currently, I am looking into buying a duplex in New Orleans and living in one side. However, typically when I run the numbers on duplexes I am interested in, I am cash flowing negatively by around $300-500. Now, I know this should be the case since expenses are fairly high in New Orleans (I believe; correct me if I'm wrong), but I am just curious to see if anyone has been able to househack in New Orleans with a multifamily (can be triplex or fourplex too but I feel like those are hard to come by) and either break even or positively cashflow. 

Any insight would be greatly appreciated.

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