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Updated over 4 years ago,

User Stats

9
Posts
1
Votes
Kimberly Best
1
Votes |
9
Posts

P&L question House Hacking

Kimberly Best
Posted

We are looking to purchase our first house hacking REI property. After all calculating with BP calculators, rules , COC ROI, we thought we found a perfect deal, but then this P&L statement came from current property management, and I don't understand that line item maintenance of almost 25K. I've requested more info.
Any thoughts? Should we consider making an offer on this deal with negative net income, or look elsewhere ? 
Thank you for sharing any suggestions! 

A few facts:

2 duplexes total of 4 units 2BR 1Ba each unit. Current rent roll $2210 month 

Asking price 250K

Total investment 10K

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