FIRST INVESTMENT PROPERTY PURCHASE OFFER HAS BEEN ACCEPTED!

[Jaron Smith]

Hey everyone!

My name is Jaron, I'm from Ohio and I would appreciate feedback on the deal I am in the works with at the moment!

Some quick facts about the offer;

- Triplex

- Offered full asking price of $51,000

- The property is VERY CLEAN but dated

- The property is in a "C+" grade neighborhood

- FHA Loan 3.5% down

- I intend to occupy the property for 1 calender year and then "house hack" into another multifamily unit

Below is a screenshot of the numbers I believe what I should expect AFTER the first year that I occupy it.. I am thinking I will about break even when living there and start cashflowing in a year..

I am a newbie so any advice is greatly appreciated, thank you and I hope you have a great day!

Sincerely,

Jaron Smith

[Timothy Murphy III]

@Jaron Smith

Congrats on taking the leap.