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Updated about 5 years ago on . Most recent reply
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Is This A Good House-Hack Deal?
Would this duplex be a good house hack deal? The first image is with the purchase price that I am wanting. The second is using numbers from the county data with the last appraised price. My monthly payment (if house hacking) would be about $309.40 which is less then half of what I am currently paying in RENT right now. I have the capital saved up, but I am wanting a second (or third) opinion on if this deal makes sense. This would be my first deal. I am *so* ready to jump in, but I want to make sure that I do it intelligently and not just rush in and buy the first thing (I know I'll make mistakes but that's part of it).
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With county data being used for the purchase price:
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What the seller is asking:
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Thanks!
JJ
Most Popular Reply
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@Elijah Brown, I took last year's total taxes and added 5% (they were the same amount for the last 3 years on the assessors website). I will be going to talk to the county assessor tomorrow to find out what the taxes are to get good solid numbers.
@Devon Keaveny, the screenshots are from BP, it's one of the calculators they offer on here. You an use it a limited number of times for free (5 times I think?) and unlimited if you "go pro". They are insanely helpful in calculating and playing around with numbers.