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Updated about 4 years ago on . Most recent reply

Lamontis Gardner's profile image
Lamontis Gardner's profile image
Lamontis Gardner
  • Rental Property Investor
  • from Mobile, AL
  • Member since Jan 2, 2019
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47
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13
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Lamontis Gardner's profile image
Lamontis Gardner's profile image
Lamontis Gardner
  • Rental Property Investor
  • from Mobile, AL
  • Member since Jan 2, 2019
Connect
Lamontis Gardner
  • Rental Property Investor
  • Mobile, AL
13
Votes |
47
Posts
Real Estate Deal Analysis & Advice

Quad Analysis: Deal or No Deal

Lamontis Gardner
  • Rental Property Investor
  • Mobile, AL
Posted

Considering house hacking a Quad with an FHA loan. The purchase price is $325k and rents from 3 tenants will be approx. 2500/month and will jump to about 3600 with all 4 units rented out. The water meter is not currently spilt so unless i split them I would be taking on the water. Also needs about 25k in repairs initially from hurricane damage. Would you considering this a buy or no???

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