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Updated almost 5 years ago on .

User Stats

9
Posts
1
Votes
Preston Wallace
  • Investor
  • Birmingham, AL
1
Votes |
9
Posts

Analyzing a House Hack (Prattville, AL)

Preston Wallace
  • Investor
  • Birmingham, AL
Posted

I have been looking for my next house hack for a little over a month now. For the most part most of my analysis on a property is done based on expectations once I move on and this becomes another rental property. The issue I am running into is I cannot seem to find anything that meets either the 50% rule or the 1% rule in the Prattville Alabama market. Maybe I am being too picky in the area I want to live in the 1-2 years I am there. Are there any other house hackers in the area that use any different analysis when looking for an investment that will be a house hack initially? When considering the 50% rule I am factoring a 3.5% down payment on the property.