All Forum Posts by: Tkai S.
Tkai S. has started 3 posts and replied 3 times.
When house hacking are you looking for positive cash flow or enough just to pay of your mortgage. How do you properly run the number on a property I know it's a little different than a standard single family home. I can't seem to find the average rent for a duplex to get a number on how much I will be able to charge. I know after I leave the unit the cash flow will be much higher than with me living there.
Post: For those that started out in a Duplex etc. What was it like?
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I've been looking into real estate for sometime now, at first I didn't want to house hack I wanted to go straight into single family homes, but It's looking like a better option is to house hack. but all of the multifamily homes that I see are in very terrible condition, outdated or in unsafe urban neighborhoods. What could be done?
I don't quite understand how flipping a house works. I understand that you buy the house for a low value fix and renovate it, and sell for more than what you bought it for. Can you get a conventional loan to purchase the property, but how do you sell the property if you still owe money on it from the bank. Are you able to use the brrrr method while flipping a house.