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Updated over 3 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Josiah Horn
  • West Chester, PA
1
Votes |
10
Posts

Closing on my first house in 5 days!

Josiah Horn
  • West Chester, PA
Posted

I'm FINALLY getting in the game. Closing my first house this week. I had initially wanted to get a duplex but I just couldn't find any that would work for me so I went for SFH. Best part is I'll have enough cash to repeat in the next year. (Thanks Covid)

House:

3Br/1Bath (soon to be 3/2). 2nd story cement porch/grillspace with a view, firepit and nice hardscape in the yard.

Money:

Mortgage: $1,270

Projected rent once I move out: 1,800+

I’ll be living in the master bedroom and renting out the other two. $500 a piece. 
My portion: $270 (current rent 550 sharing a small 2b/1b. 

My question: is it unethical to put the house on rental sites to get a feel for my price. Even though I have no intention of moving out in the next year or so. I just have so few comps out there due to overpopulation in my area and SFH rentals are hard to come by.

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