New Construction Duplex House Hack

[Loriana Lopez]

Hi all! BP newbie here. 

What are your thoughts on going with a new construction for a duplex house hack and also being a first-time home owner? 

$200k purchase price 

2 bed/2 bath each side

Would put at least 20% down. 

Potential rents per unit: $850 - $1,000; strong rental market, but would prefer to price low to get more applicants. 

Thanks for the advice! 

[Joe Scaparra]

If you can find that deal, you would be hitting a home run.  I can see it happening outside of the Austin area.    Good luck and you are on the right path to building wealth!!!!!!  Don't lower your rental prices to get more applicants.  Keep your property one or two steps ahead of the competition and go after market rents.  If your property is 5 miles either side of HWY 35 from San Antonio to Dallas you should have little problem finding tenants.  Cheers!