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Updated almost 5 years ago on . Most recent reply

User Stats

24
Posts
6
Votes
Lorenzo Martinez
  • Rental Property Investor
  • San Antonio, TX
6
Votes |
24
Posts

4plex analysis using va loan

Lorenzo Martinez
  • Rental Property Investor
  • San Antonio, TX
Posted

Trying to house hack a 4 plex using my va loan.  I got financing covered. Think I used the calculator correctly but the results seem a bit too positive. Units are all rented out @975/ one renter is moving at the end of the month which is fortunate. Not sure if I missed anything. Haven't seen all units but the one I did look at was in very good shape and the current owner says the rest are in about the same shape. 

Most Popular Reply

User Stats

103
Posts
111
Votes
James Storey
  • Real Estate Agent
  • Indianapolis, IN
111
Votes |
103
Posts
James Storey
  • Real Estate Agent
  • Indianapolis, IN
Replied

@Lorenzo Martinez looks pretty good. Those CoC returns looks so good with you putting so little down in the deal comparative to what you are cash flowing. Are there any renovations or major repairs that need to be done right off the bat? That could change you capital into the deal and thus change the ratios. Once you rent out the space you live in, that CAP rate should jump up to about a 9% CAP. If all else has been included, seems like a very nice house hack investment from a financial perspective.

James Storey, CCIM

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