I spent 6 HOURS for dinner last nite with an 8 course wine pairing!

I did a rough analysis using 50% rule, but not sure how to do the same kind of analysis for house hacking.Lets say its this property at 123 Turner St.Purchase price : $74,900Offer price: $60,000Down payment: $39,000 (65%)property tax: $972/yr.Insurance: $132/yr.Property Type : Duplex (Owner Occupied)Monthly rent from second unit: $410Repair costs: Looked clean from the pics, estimate $2000 for new carpet and old wooden cupboardsNow, If I were to BRRR, and not live in it,Including all costs should give me a cash flow of $218/moHow would I analyse it for House Hacking?

I lived at Silverado.. worked 6 months a year in Oregon and then just played golf ,, drank fine wine dinned out etc etc.. but even that got boring..

Must be something in the wine...

Only needs carpet, paint and some new wooden steps.217-219 T St, Aurora, IL 60505 (Asking $105,000)Duplex 2bd 1b (Rented at $850/mo) and a 1bd 1 ba (vacant).

Each unit could rent out for about $1,400.Required repairs due to city violations include (according to contractor quotes): $27K for brick work; $16K for roof (flat roof); $18K for wooden porch.In addition, we anticipate deferred maintenance of about $61K for tuckpointing the masonry (3 walls), $13K for HVAC, $8K for bathroom/kitchen renovation, $4K for electrical/plumbing, $9K for footings on foundation beams (foundation seems ok), $5 miscellaneous.

The past owners, or agents nail either sheetrock or wooden boards to cover up the wall.

You're no better off than before (except the cost of a cheap "For Sale" sign and a wooden stake), but the potential is huge, especially if you already collected some names and numbers of potential buyers with a certain price in mind, i.e., you know exactly how much to offer the owner.

I like how you added some wooden/bamboo touches throughout, this really adds some warmth to home.

Hello everyone,I am a new investor 60 miles north of San Francisco, in wine country (Sonoma County) where property values aren't as outrageous as SF, but still quite expensive.