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 Landlording & Rental Properties
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 almost 5 years ago on . Most recent reply

User Stats

30
Posts
11
Votes
Nicole Candelario
  • Cherry Valley, CA
11
Votes |
30
Posts

Can I calculate what I "would" receive for rent while hs hacking?

Nicole Candelario
  • Cherry Valley, CA
Posted

I'm currently living in one of the 4 units of my multi family property and I'm trying to calculate the ROI. I'm only paying $200/mo after I collect my rents. I could rent out the unit for $2400/mo if I moved out. Can I use the market rent for this unit to calculate my ROI or do I have to use what I'm only collecting from the other 3 units? Also, I financed the repairs into the loan. Do I calculate the repairs as part of my initial investment? I financed the property with 100% financing. The only "cash" I used was $5000 for an EMD and $1650 for taxes and insurance (I was able to use the rent deposits toward costs plus my loan company paid closing costs for the seller and for me!) Sorry if I worded this wrong. It sounded so much better in my head!

Nicole Candelario

DRE# 01984085

Loading replies...