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Updated over 4 years ago on . Most recent reply

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218
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8
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Artem Shum
8
Votes |
218
Posts

90 Days Challenge. Day 2. Please help me to analyze this property

Artem Shum
Posted

I am new to REI and I am trying to learn how to find the best deal in the market. This deal is located in NW Indiana numbers are roughly estimated, I am planning to buy my first rental property with FHA loan, live there for one year, then move out and rent it out. I appreciate any feedback.

Thank you

Most Popular Reply

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146
Posts
64
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Nathan Cross
  • Investor
  • Saint Louis, MO
64
Votes |
146
Posts
Nathan Cross
  • Investor
  • Saint Louis, MO
Replied

@Artem Shum are you planing on house hacking this with getting roommates? I am asking this because your numbers look as if this is not going to cash flow well. If your plan is to rent the rooms out, then you should get the investment to cash flow for sure. Have you though about maybe finding a small MFU (2-4) doors? You are still able to use an FHA loan to buy it.

  • Nathan Cross

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