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Updated almost 7 years ago on . Most recent reply

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Joel Mitchell
  • Centerton, AR
5
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33
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Help me analyze this deal

Joel Mitchell
  • Centerton, AR
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Most Popular Reply

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647
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Joe Scaparra
  • Investor
  • Austin, TX
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Joe Scaparra
  • Investor
  • Austin, TX
Replied

Hold Up! We don't have enough information YET! Don't throw to the curb just yet. This is a house hack situation since you are using your VA loan, yes? Do you own another home or are you renting? If you are renting, and your going to live on one side of the duplex then you have to re-look this from that point of view.

I'm not the biggest fan of the VA loan but I am a BIG fan of HOUSE HACKING using a duplex. Remember a house hack investment works easier than if your a pure investor. You have to lay your head down somewhere. I don't know where this home is so I don't know the rental market, but assuming $750 is no problem then this just might be a good entry to investment real estate.

If your renting now, then consider what your monthly cost to live on one side assuming $750 from the other.  If your monthly cost to buy is cheaper than what your cost is to rent and your financially stable then this could be a winner.

Good luck

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