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Updated over 5 years ago,

User Stats

8
Posts
1
Votes
Nathan Marden
  • UT (utah)
1
Votes |
8
Posts

Newbie questions for house hacking with family

Nathan Marden
  • UT (utah)
Posted

Am I too nervous about my first deal or being smart?

I have been working with a realtor for 6 months with multiple offers, one accepted but I didn’t have the resources for such a big rehab so had to walk away

Currently have opportunity for a 2/2 duplex that is listed for 270 and 1100 sq feet per unit My realtor suggested offering 290. Rents for the current tenant is 650 but the market in this neighborhood are around 1000

I’m planning to have this first rental be a house hack with my family of 5...with possibility of using the brrr method but I’m worried because 290 will be the most expensive home in the neighborhood there will be no way for more equity to go higher within 2 years any suggestions?

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