First house-hack in New Hampshire [All You Can Analyze Weekend]

[Tyler Halstead]

View report

*This link comes directly from our calculators, based on information input by the member who posted.

This is my first house-hack (and post on the BP forums) in the Greater Boston Area, located in the largest city in New Hampshire - Manchester. Located in the North End in a very family-friendly neighborhood and walking distance to Southern New Hampshire University, it has  a pool of good tenants needing housing. As this is my first deal, I ran my numbers as it would be fully rented. I am currently paying $842/mo after PITI on the FHA mortgage - which is $2,042 including MIP. 

When I heard Dion Mcneely on the podcast, I really felt my goals aligned with how he looks for small multi-family: side-by-side, yard space, and making a smart deal with the inherited tenants. I plan to put the $5000 from my repair costs to make necessary renovations to the other side. I'm really happy that I've gotten started, and even though it isn't going to get me rich, it is a step in the right direction. I plan to run a tighter analysis when I can save some more capital for the next one.

Tyler, Manchester NH