FIRST TIME Investment House Hacking a Duplex

[Franco Gozzarelli]

Hello, just sharing my first experience buying real estate. Me and my girlfriend have been looking to buy a property and house hack for almost 2 years but the Las Vegas market has been complicated. We finally found a duplex that seems to work for us. Here are the numbers on it. Not the best deal but we wanted to get in the game. The purchase price is $335k and we are using an FHA loan 3.5% down. In total closing costs we paid $14k. The property needs some TLC so we estimate $15k in total repairs. The rents are currently bringing in $1k/month each unit but after repairs we are going to increase rent $100-200. I'm motivated and look forward to keep investing... Any thoughts?