Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago, 08/10/2020
Is a short sale a bad first house hack?
Hi BP community, I have been looking for my first house hack deal in an expensive market. I finally located a property where the economics look great and it is closer to my job. It's a shorter commute and I could even not renew my car lease in December to eliminate expenses. The seller has listed that this is a short sale, which I had to google what short sale meant. I was hoping to get some advice from the BP community on what to be on the look out for / questions to ask regarding the short sale. I have the determination to make this happen but is there a point where it just becomes ridiculous? I am going to see the property tomorrow afternoon. Below are the economics of the deal.