Rate my house hacking deals
Looking to purchase my first houston REI property. The building is in the near Northside community of Houston. It is a new build in a gated community with no HOA. I would be coming out of pocket <5k and the first year would be negative cash flow but after that year it would be positive. I plan to house hack and do STR for corporate housing.
1st year: -1850 CF
2nd year: $300 CF
Most Popular Reply
If you are out of pocket less than $5k and cash flowing on year 2 it makes sense. Your total cash in is only $7k, right? $5k to acquire plus negative cash flow of $2k in year 1. I’d do it without thinking about it unless there is something else to it. Do your due diligence I suppose!