Updated almost 4 years ago on . Most recent reply
Just weeks away from renovated status to get the tenant....
I have house hacked my primary of 10 years in different ways, and now have a 95% complete separate rental unit which created a side by side duplex. All funding has been exhausted in various ways-credit cards, cash, family. I am less than $5,000 away from a redone rental. This small amount seems ridiculous to hold me up now. Any thoughts on the funding ? here are the numbers, I think Im on the right track (maybe not??) All in cost 30,000. Monthly expenses 1000 for the entire house (and I live for free), projected rental income compared to comps, 1200. Home value 80,000-90,000.