All Forum Posts by: Jonathan Hodge

@Heath Ryans thank for the feedback! The analysis is set for 216K and the seller is asking 260K, I am a bit confused on why you say 50% off. I'm only trying to get 44K off the listing price assuming nothing is wrong with the property. I would hope this is reasonable. Does it sound crazy if I were willing to manage this place for free? I know a day may come when I may get tired of managing this property but I fell that day may not come for a few years when I have a handful of properties under my belt.

Thank you @Heath Ryans.

I increased the Repairs to 10%. I plan on managing the property myself which is why I set the Property Management so low. Is this okay?

I plan on taking a tour of the property this week. Assuming it is in good shape, moderate repairs needed, what is a good first offer?

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Hi Team!

I am completely new to real estate investing. Interested in house hacking a duplex. The numbers you see are based on both sides rented out. Assuming I move out after the one year FHA requires me to stay. The first year I would not make money on this house but it would reduce my rent from what I am paying renting a 2br apartment.

The property is listed for $260K and I would like to make an offer of 180-195 depending on the condition of the property.

Can someone clarify the executed contract process for me?

"Both of the units are currently occupied by Tenants who are on a month to month contract. If you wanted the unit vacant you would just notify the tenants they have to move out with 30 days notice. Also, this property is only being shown with an executed contract...often times with Multi Family properties that is the case as they do not want to disturb the tenants."

We found a duplex that we are interested in. We would like to see the inside of what we are potentially buying. Do we have to make an offer that he accepts in order to tour this property? What if I walk in and change my mind?