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Updated over 6 years ago on . Most recent reply

User Stats

44
Posts
5
Votes
Quintin Gulley Jr
  • Stockton, CA
5
Votes |
44
Posts

[Calc Review] Help me analyze this deal

Quintin Gulley Jr
  • Stockton, CA
Posted

View report

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

ok guys I feel this deal can be easily done  and I think its a pretty good 1 I feel I went over on a few expenses so I might be even better off I just want some feedback from my fellow bigger pockets member any advice will be greatly appreciated

Most Popular Reply

User Stats

1,405
Posts
864
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John Leavelle
  • Investor
  • La Vernia, TX
864
Votes |
1,405
Posts
John Leavelle
  • Investor
  • La Vernia, TX
Replied

Howdy @Quintin Gulley Jr

With that low down payment (3.5%) I assume you are using a FHA loan. Therefore, you will be required to live in the property for at least one year. And since the Down payment is less than 20% you will be required to pay PMI (which you did not include). Your rental income will be based on only 2 of three units until you can move out.

Other than that the rest looks good.

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