Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
First time investor - need help with analysis on a house hack
My wife and I are ready to invest in our first property. We have the cash saved, plan to house hack, and have be preapproved for a mortgage through my credit union. My realtor has been great about sending properties my way, but every time I put them through the Rental Calculator, always get horrible results. Maybe the properties are bad deals, but I'm willing to bet that I'm doing something wrong. I've attached a screenshot of the latest property I analyzed. If someone with experience has the time and desire to help, please put it through yourself and see if you get the same results. The MLS# is 639272 if you want to take a look at this listing. This direct link may work. If it shows two properties, it's the 6348 Memorial Road property.
I'm planning on putting 5% down, and renting out the garage detailed in the post. if you need more details, please let me know!
I will be actively responding to this thread throughout the day. Thanks in advance!