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Updated about 7 years ago on . Most recent reply

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Isaac Trevino
  • McAllen, TX
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Is this a good househack?

Isaac Trevino
  • McAllen, TX
Posted

I have a property I hope someone can help me think through. 

4Plex 

255K Purchase Price

2,850 Gross Income

2,110 Payment including taxes and Insurance..

I want to live in one and rent the other 2. So gross would be like 2150 or so. Should I go for it? I'd almost live for free.. 

I'm putting down 3%

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Aaron Hunt
  • All Over, USA
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Aaron Hunt
  • All Over, USA
Replied
Originally posted by @Isaac Trevino:

I have a property I hope someone can help me think through. 

4Plex 

255K Purchase Price

2,850 Gross Income

2,110 Payment including taxes and Insurance..

I want to live in one and rent the other 2. So gross would be like 2150 or so. Should I go for it? I'd almost live for free.. 

I'm putting down 3%

Live in one, rent the other 2...or 3? (4plex, not a triplex, right?)

Seems like a solid house hack. Make sure you got some reserves in case you need to spend a little to fix it up.

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