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Updated about 6 years ago on . Most recent reply

Darren Browne's profile image
Darren Browne's profile image
Darren Browne
  • New to Real Estate
  • from New York
  • Member since May 30, 2018
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Darren Browne's profile image
Darren Browne's profile image
Darren Browne
  • New to Real Estate
  • from New York
  • Member since May 30, 2018
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Darren Browne
  • New to Real Estate
  • New York
5
Votes |
12
Posts
Multi-Family and Apartment Investing

Multi-Family bank owned

Darren Browne
  • New to Real Estate
  • New York
Posted

I seen a duplex REO that just came on the market I been approved for an renovation loan I will be using I'm house hacking it but I would be paying less on my mortgage then I'm paying rent now after it's renovated the house should be worth in the low 500k and they asking in the 300's

Do you think it’s worth it?

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Joseph A.'s profile image
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Joseph A.
  • from New Rochelle, NY
  • Member since Aug 16, 2018
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Joseph A.'s profile image
Joseph A.'s profile image
Joseph A.
  • from New Rochelle, NY
  • Member since Aug 16, 2018
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Joseph A.
  • New Rochelle, NY
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Joseph A.
  • New Rochelle, NY
Replied

That would depend on how much work the property needs as well as the the monthly rent you can get from your tenant. Can you provide more details?

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