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Updated over 4 years ago on . Most recent reply

User Stats

8
Posts
1
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Manuel Lomeli
  • Real Estate Agent
  • Detroit, MI
1
Votes |
8
Posts

Fix a fixer upper or house-hack?

Manuel Lomeli
  • Real Estate Agent
  • Detroit, MI
Posted

Hello, I am an 18 year old college student debating if I should start fixing up a distressed house that my parents will be selling it to me for less than 10,000. I will be able to pay the house off in small monthly payments. The house needs damn near everything besides flooring and gutters. I am estimating the rehab to be anywhere from 60,000 and 75,000. My other option is to buy a duplex straight out of college and house hack. I look at the house my parents are providing me as a future rental property because the house has a lot of potential with 1,478 square feet with 3 rooms and 2 bathrooms. Square feet can be added if the attic is fixed up and made into a room.

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