New the the website, long time listener.

[Nathan Holt]

Hey guys, I am a new aspiring investor and new to the website. I have been listening to the Bigger pockets podcasts for over two years now, and finally decided to get involved on the website. I am currently in contract on my first property. It's a house hack selling for $130,000 off market. 2560 sq. ft. duplex currently being rented for 685. Local comps are between 900 and 1,300/month so I will be raising the rent once we close. After repairing the property should be able to bring in a minimum of $1,100/month per unit. 

Total monthly expenses come out to 

Mortgage: $838.54 (at 6.875%,)

Taxes: $145.83

Insurance: $116.67

Repairs that need done are new paint, drywall repair, new floors, one kitchen needs a new ceiling, new cabinets in both kitchens, window replacement in basement, and the furnace will need changed in the next 5 years. 

We are also getting a 7,000$ grant from the city for new investors which is very nice.