All Forum Posts by: Jeremy Roach

Jaysen Medhurst, you just cleared that up for me, thank you.  I am still figuring out a few loose ends, but each day the goal is becoming clearer. This is my first property, it's definitely been a fun learning curve. I have to pull the trigger by March. 

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

The asking price is $51,000

Good morning friends,

When I'm using the Rental calculator to analyze 3-unit multifamily and the strategy I'm implementing will be house hacking/ BRRRR. Do I calculate only 2-unit rental incomes since i am going to be living in the third? Or do I run the number as if I were renting all 3 units showing income so that my numbers will be correct n a year once i refinance and repeat? I'm trying to get my cash on cash to 12% and what would you recommend I should be shooting to make on monthly "cash flow" in the analysis? Considering that I will be living rent-free. I'm hitting a wall and going to meet with the realtor to get more concrete data today.

Thanks,

Jeremy Roach

Marlon,

Thank you very much for the tip! I am going to get right on it!

House hack. 3 units, rent 2 of them and live in the 3rd. My plan for return is at to fight the right number to get $500 off each unit. Hoping to cover my morgage, live for free and still have cash flow. This is my first deal. 

I’m paying $750 living in a town house and my lease is up April first.

Any helpful advice?

Hi BP members,

Just wanted to introduce myself as a new investor that is very willing to learn and motivated.  I have been learning on my own for about 3 months and everything starting to come together.  I am an avid listener to BP podcast.  Look forward to meeting new investors and building my network in Erie, PA.

I wish you all well!

Cheers,

Jeremy Roach

Hello members,

I am looking into buying my first deal, multifamily unit, and would like to know what is the best strategy to pursue? FHA, 203K or are there other options?