Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

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

Most Popular Reply

User Stats

9
Posts
1
Votes
Kimberly Best
1
Votes |
9
Posts
Kimberly Best
Replied

Thank you Daniel! That's exactly what we are doing now is seeking a reputable inspector. We are actually in Southeastern area, and this deal truly is unusual and that's why I am interested but proceeding with caution. I appreciate you taking the time to give a newbie some direction. I'm excited to take this first leap into REI, but nervous too! I'll definitely keep you updated!

Loading replies...