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Updated over 4 years ago on . Most recent reply
![Kimberly Best's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1788860/1695402261-avatar-kimberlyb139.jpg?twic=v1/output=image/cover=128x128&v=2)
P&L question House Hacking
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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
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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!