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Updated about 8 years ago on .
Central California Multifamily Deal Analysis - house hacking
Hey everyone can someone take a look at these numbers and give me some feedback please.
Multifamily Duplex - 750/unit - 1500 month
Cost-159,000 FHA loan 3.75% down house hack
total cash to invest $7,000 (including closing cost)
Total P.I.T.I = $997.32/month
Cash flow = $502.68/month (before adjusting for repairs, cap ex, vacancy , etc)
This would be my first investment property that I acquire and I am fairly new but been listening to bigger pockets podcast for about 3 months every day on my way to work. Would never of considered doing this if it wasn't for Bigger Pockets . Thanks everyone