Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
House Hacking
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 2 years ago,

User Stats

15
Posts
11
Votes
Anayo Awuzie
11
Votes |
15
Posts

Help me analyze this deal?

Anayo Awuzie
Posted

Hey y'all, 

I've been in analysis paralysis over the past year with this multifamily house hack goal I have but I'm finally over it and ready to start making offers. I found this deal and wanted to get your thoughts. My goal in the short term is to live on the property and eliminate my $1600 rent and in the long term (10+ years) sell and collect appreciation. 

I’m looking to buy a property in Dallas, TX. It’s a 4-family house ask for 675K (which my agent says is a bit high so we're fighting that out). Current monthly rent income around $5000. Property tax $187/mo, insurance $224/mo. Rents are currently $1250 each and 3/4 units are occupied. My mortgage will be ~$3900.

I'm getting an FHA so putting 3.5% down. Thoughts?

Loading replies...