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Updated about 7 years ago,
Analyzing a houehack for now and later.
When purchasing a house hack do you run the numbers in the instances of being an occupant and later when you plan to leave the property? Also since I am deployed I am looking at mainly properties on MLS. What I'm seeing when I run the numbers on the BP rental tool is that most properties I would have to purchase at 65-70 percent of the retail value to cashflow. The cash on cash ROI is usually pretty high, typically between 16-22 percent but the cashflow really is only around $150-$200 per month. What are others shooting for as far as monthly cashflow? I know markets dictate but I'd love to hear some expert opinions. Also What are most people using to find accurate property ARV's? Im a little leery with trusting zillow. Thanks everyone and I look forward to hearing any advice!
cheers,
Anthony Warren