All Forum Posts by: Gonzo Sal

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $680,000
Cash invested: $75,000

Nice newly remodeled turn-key duplex. We're house hacking, living in one unit and renting out the other.

What made you interested in investing in this type of deal?

Always wanted to eventually have a multi-family property in my portfolio. When we were priced out of the SFR market in our area, the Duplex market made more sense as a House-Hack opportunity. The timing was appropriate.

Awesome John.  I appreciate the walk through.  I'll revisit it making the adjustments you suggested

Hi Jonathan, yes the plan would be to buy the duplex. Live in one unit and rent the other. Maybe in a year move and leave them both rented. I’m just not sure how to account for the rents and the p&I if I’m living in one.

View report

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

This would be a house hack situation where i would live in one of the 3 units.  How do I account for that?

Thanks Jonathan.  I had a hunch but I'd never used that calculator before.

Hey Community, quick question.  I'm using the Rental Property calculator to analyze a duplex where I plan to live in one unit and rent the second.  When I'm inputting the monthly income, do I only put in the rent I'll collect from the one unit?  Or do I also need to account for the amount I'll be paying as a "tenant"?  Please advise.

Best,

Gonz