2k monthly mortgage, wheres the cash flow?

[Jose Aguilar]

Hi, I'll make this brief. I have no assets but am planning a future in real estate. I research occasionally and build scenarios in my head to see how purchasing proprieties will result in cash flow. This most recent situation where I discovered a decent priced multi unit property with 2 units, 1 with 3 bed 2 bath the other 2 bed 2 bath. I used the bigger pockets calculator where it estimated monthly mortgage with taxes and insurance included came out to 2.1k. My question is how would I utilize house hacking with this particular property? How can I live in that property while the tenant pays my mortgage? Property is located in the central valley. Thanks in advanced.

[Caleb Brown]

I would first get pre approved so you have an idea on your monthly payment and closing costs. For this duplex it doesn't sound like the 1 tenant would cover the mortgage. For a house hack that's okay. The benefit is lower living expenses, once you move out positive cashflow and getting your foot in the door of owning real estate.