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Updated almost 10 years ago on . Most recent reply

User Stats

245
Posts
102
Votes
Trevon Peracca
  • Wholesaler
  • Chicago, IL
102
Votes |
245
Posts

How to calculate numbers while house hacking???

Trevon Peracca
  • Wholesaler
  • Chicago, IL
Posted

How do I calculate numbers while house hacking? The Cash flow on the calculator obviously says i am negative cash flow. So how do i know if its a good deal?

Most Popular Reply

User Stats

245
Posts
102
Votes
Trevon Peracca
  • Wholesaler
  • Chicago, IL
102
Votes |
245
Posts
Trevon Peracca
  • Wholesaler
  • Chicago, IL
Replied

This property is a 3/1 that is rented for $1350.00 and a 2/1 that is rented for $1150.00

We would be moving into the 2/1 once the lease is up.

Asking price is: $250,000.00

my interest rate is: 3.75 

Taxes: $8600.00

Insurance: $200 (I estimated) this is my first multi family.

nothing "needs" to be fixed. (There are some cosmetic things that i do not personally like)

@Justin Fernandez

@Theo Hicks

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