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Updated about 6 years ago,

User Stats

211
Posts
129
Votes
Kyle Grimm
  • Investor
  • St. Louis Mo
129
Votes |
211
Posts

Would you house hack this? - Help me analyze this deal

Kyle Grimm
  • Investor
  • St. Louis Mo
Posted

View report

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

Four unit Property: 

1 - Single family 2bed1bath with large basement + large 2 car garage

3 - 1 bed 1bath units

Hi everyone! This is a very unique 4 unit property. It consists of a 2 bedroom single family home with a huge detached garage along with 3 units which are all 1bed 1bath. I know my numbers are not perfect and might be missing a few. But overall you get the picture. I am thinking about buying this property and living in the house. I know some of you might ask why I am putting 20% down and not doing an FHA loan 3-5% down. I don't qualify for the loan and I am having my business buy the property. I placed $750 a month rent for the house which is what it will rent for once I move out. While I live there, I will rent from my LLC for probably $500 a month. This is a long term hold and I only plan to house hack it for a year or so.

What are you thoughts? I know it's not a steal of a deal, but it's actually a property I enjoy living in.  Multi family is very hard to find in my area that isn't in the ghetto.  What are your thoughts?!

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