All Forum Posts by: William Dutrieuille

Absolutely John! So let's say I accept his pricepoint of the $234,000 right where he wants it and he agrees to split out the utililies.. To you personally, I know it's objective but would $234,000 make sense at 4 units. (3 of them 1 bedroom can rent $750+ and One 2 unit that rents $950+) 

Me living in one unit - $2250 month.. renting out all 4 - $3200 .. plus the basement has a laundry coin op 

The agent told me that he thinks the $234,000 was a little over priced. The seller originally had it listed at $245,000. But the property fits the mold I'm looking for, does not need any immediate work, appreciating area, etc. I plan to hold the property for indefinitely, just need the cashflow. I will def have the utilities handled in advance, thank you! 

Hello Thank you in advance for tuning in & providing feedback!

This will be my very first deal! I am looking at securing FHA Financing and Househacking a 4plex.

I am very familiar with Property and it is a very good location (Good school district, close to the main river of the city, etc.) I do not want to get emotionally attached to property but it's hard! lol

The listed price $234,000. The owner is 77 and selling off all his property. This property has been listed since 10/2/18 and the Agent let me know owner is still making good $$$ of this so the purchase price is "Overpriced" and he won't budge too much on lower offers. Agent notified me that he may go down $10,000.

It is a turn key property , A- condition, new roof installed 2005. 3 Units are 1 bedroom and can rent out for $700+ and 1 unit is a 2 bedroom can rent out $950+

Even at that over priced asking price of $234,000 it still can hit the 1% Rule even with me living in one unit for 12 months.

What do you guys think ???? (Also agent let me know that utilities aren't separate and they all are one so he is paying for utilites and add in the contract to have him separate so tenants can pay their own before purchasing.)

Property also has a coin op laundromat in the basement.

Hello Thank you in advance for tuning in & providing feedback!

This will be my very first deal! I am looking at securing FHA Financing and Househacking a 4plex.

I am very familiar with Property and it is a very good location (Good school district, close to the main river of the city, etc.) I do not want to get emotionally attached to property but it's hard! lol

The listed price $234,000. The owner is 77 and selling off all his property. This property has been listed since 10/2/18 and the Agent let me know owner is still making good $$$ of this so the purchase price is "Overpriced" and he won't budge too much on lower offers. Agent notified me that he may go down $10,000. 

It is a turn key property , A- condition, new roof installed 2005. 3 Units are 1 bedroom and can rent out for $700+ and 1 unit is a 2 bedroom can rent out $950+ 

Even at that over priced asking price of $234,000 it still can hit the 1% Rule even with me living in one unit for 12 months. 

What do you guys think ???? (Also agent let me know that utilities aren't separate and they all are one so he is paying for utilites and add in the contract to have him separate so tenants can pay their own before purchasing.)

Property also has a coin op laundromat in the basement. 

Now I am self employed with Insurance and beginning Feb. will have 20k-30k for downpayment on duplex triplex or 4plex to house hack. There is one I like that is $400,000 bit on expensive side. Is a FHA Loan the best for this? Also will i be approved? 640 credit score, no Debt but I have only been working my 1099 job for 1 year. and make 40k.