Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

220
Posts
124
Votes
Sherry Patterson
  • Real Estate Broker
  • Fort Worth, TX
124
Votes |
220
Posts

Getting an investor for house hacking, possible?

Sherry Patterson
  • Real Estate Broker
  • Fort Worth, TX
Posted

I have found a great investment property. It is going to auction in less than a month. I would give my right arm to live in this house. It is way undervalued and I am sure that as the market goes up in the next couple of years that this property can have a $200K+ ROI. My question is: I can not afford this property unless absolutely no one else shows up! It's appraisal value is $1,233,800 but is worth over $2M. The house next door is valued at $4.7M. I am trying to find out if there are any investors that are willing to purchase at auction, allow me to live there for 2 years, I do all the repairs and updating that it needs, pay rent, and when the market is right then sell for a profit. I have ran the numbers on BP and although it is a loss for approximately 2 years the ROI I think will be a min. of 50% closer to 90% or higher depending on what it goes for at auction. The property will increase in value it is on a lake. Are there any investors that are willing to do something like that?

Loading replies...