Comparing two possible house hacks/ 203k Loan

[Geovanni Heredia]

I’m in the process of buying my first home, I have two strong options one has been on the market for about a year and is a 2 family with 3 beds in each unit listed at 149,900$ also has a finished attic but needs new siding (estimate about 14-18k).The second is also a 2 family listed at 129,900$ one unit has 1 bedroom the other unit is 3bed room home needs no work except garage needs to be rebuilt or knocked down (which I would prefer to rebuild)  which in estimating to be at least 15k.

[Chris Sellers]

Geovanni,

Sounds like some good options.  On the surface, getting an extra 2brs for $20k seems like a winner.  You'll need to also define  your monthly revenue and expenses for each to truly compare them.  There's usually a clear winner after you do this.

Good Luck!

Chris