Looking for Cash Flow Deals In Texas
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 Out of State Investing Contributor
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Nicholas L.
#2 Out of State Investing Contributor
Pro Member
#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
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?