Opinion on an investment/ house hacking?
Hi guys,
I wanted to get an opinion on a duplex in the Toledo, Ohio area. It's list price is 154,900 and I'm looking into purchasing with an FHA and "house hacking" it. I've run the numbers with my mortgage guy and the costs are approximately $1250 a month (including insurance and taxes). Currently, one side has long term renters with a month to month lease renting for $810 and the other side is newly rented month to month at $850 (I would live in this unit).
What do you think about this unit as an investment down the line?
I currently pay $950 a month in rent to live in Holland in a 2 bed, 2 bath apartment so almost any purchase is smart for me.