Updated almost 3 years ago on . Most recent reply
Good Property for First-Time House Hacker? Help!
I'm diving head first into real estate here getting my real estate license and looking into investing. I found a deal near me that I could buy: a 2 unit place and house hack it, living in the 2 bed/1 bath unit with tenants in the 3 bed/1 bath unit. I can pull the trigger pretty quickly but I am as new as they come to the market and want to make sure this will be a pretty good deal out of the gate. I think that this fails the 1% rule, but I am not 100% confident because I'll be house hacking it and the units aren't the identical. Is anyone willing to talk me through this deal? I thought I was ready but I got overwhelmed quickly by all of the numbers. Here's a link to the Zillow: 324 Bennoch Rd on Zillow.