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Updated about 2 years ago on . Most recent reply

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Nicholas Betancourt
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Looking for Cash Flow Deals In Texas

Posted

First time home buyer here, looking to house hack my first home. Using tools such as bigger pockets rental calculator really helps! But I haven't had any luck finding cash flowing properties. I'm noticing that with interest rates being at 7% the margin for profit is slim on most if not all properties. Any tips on how to find or distinguish cash flowing properties besides the 1% rule?

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Nicholas L.
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Flipper/Rehabber
  • Pittsburgh
5,396
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6,099
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Nicholas L.
#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Nicholas Betancourt

a house hack isn't supposed to 'cash flow.'

say you could rent for $1500, or you could get a mortgage for $2800 and collect $1400 in rent, so you have to net pay $1400 toward the mortgage.

you house hack.

you'd building equity.  with rent, you build no equity.

make sense?

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