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Updated about 8 years ago on . Most recent reply

User Stats

7
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John C.
  • Cleveland, OH
0
Votes |
7
Posts

Can you check my work? First rental analysis.

John C.
  • Cleveland, OH
Posted

Hey guys. I'm new to REI and am very interested in house hacking. After watching a few videos of rental analysis here on BP, I believe I have found a good property, but would like you guys to just take a look at these numbers and see what you think. Its a quadplex in a hot area. All units are rented, but the plan would be to live in one, rent the other 3. This is with an FHA 3.5 down at 4%. I'm thinking I may have undercut what I should put away for capex and repairs but I'll let you guys tell me. Outside of paint and carpet I don't see anything that really needs immediate repair. Thanks!

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