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Updated almost 10 years ago on . Most recent reply
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Duplex property in Kansas City
I was wanting some feedback about a duplex in Kansas City that I am wanting to potentially house hack. Does it seem like a good deal? Obviously can't see much because there is only one picture.
http://www.realtor.com/realestateandhomes-detail/3425-Indiana-Ave_Kansas-City_MO_64128_M83385-42646?row=1
Most Popular Reply
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It looks like a good investment or house hack. It exceeds the 2% rule.
How is the neighborhood? Do you want to live there?
One side will cover your PITI easily unless the taxes in KC are strangely high.
Do your research, as this place certainly looks like a good buy.
Bring all the numbers back and I'll give you my financial view on the place:
Taxes
Sewer and Water
Trash
Heat/Utilities
HOA/Legal
Cap Ex and Ops
Insurance
Mgmt Fee
Vacancy