Anyone Househacking Multifamilies in New Orleans?
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.