All Forum Posts by: Jonathan Cook

@Brendan Miller thank you so much for the reply and feedback! Fortunately, all of the utilities are separated and paid by the tenants, including even the trash. My plan for the cash flow is to build up a cushion for expenses and then begin to re-invest it. Thanks for the 5% number, I wasn't sure of how I was going to figure that. I had not thought about the Estoppel agreements, I was just taking the owner at his word, but that's a great suggestion. Thank you! 

I'm prob going to end up with the 20% down, but was open to some creative financing ideas :).  Thanks again, for the reply. 

Sold my house and looking to house hack. Found a 4-plex (2bed/1 bath ea). 3 are rented at average of $550/mo and I will live in the 4th which is newly remodeled. Asking 150k but has multiple offers. Planning to offer 160k. I have 20% to put down but would rather not if I can avoid it. Numbers are 

Price: 160k

20% down: 32k

mortgage: $575/mo

tax/insur: $230/mo

total: $810/mo

rental income: $2250 (including 4th unit)

thoughts?