Looking for some advice on a property I'm looking at.
Hello Bigger Pockets community!
I'm brand new to the world of Bigger Pockets and real estate investing and would like some input and advice on a property I'm looking at. It's a duplex and each unit has 2 bedrooms, 1 bath, a garage space, and laundry hookups in each units basement. It's currently rented out at $640 a unit, but I believe I believe rents should be closer to $700-$725 range. They're asking $115,000 for it and I would like to know if that's a good deal or not. My idea is to "house hack" for a couple years and live in one of the units then eventually move out and rent the unit out. I'm planning on using an FHA "first time home owners" loan for the purchase. What are your thoughts?