Found a ideal property for house hacking, what next

[Pete Storseth]

So I found a property with 3 units.

375k asking price, looks remodeled.

Listed for sale on many site, as well as for rent. I assume the owner, lives locally, wants to sell.

I have her name and address from Appraisal district.

I'm new so I just wanna double check the next step.

I need to find comps, which is hard for this property, because its converted from single family to multi-family in a single family neighborhood. Figure out my max offer and send her a letter?

This is just one property, a single lead. So obviously I need to do this about 200 times to get a deal, but is this the right process? Thanks BP, you guys are awesome.

[Jonathan Rivera]

@Pete Storseth it’s been said every property has a number that makes it a deal. If you’re analyzing it, figure out what that number is. How low would you have to go to make it work, how high would the rents have to be, is there a way for you to meter the units so you don’t have to pay for utilities, play with different finances and strategies. Perhaps this wouldn’t be a good rental, but might be a great flip. The more you read and the more you analyze the more it’ll click. Good luck!