Hello everyone! My fiance and I are new to real estate investing and to the BiggerPockets community and are hoping for some assistance with figuring out how we can house hack a duplex on our way to bigger and better deals.
We have read about the 1% rule, but not sure if this also applies to an owner-occupied duplex? For instance, if we purchase a local duplex that is selling for $275,000 and one of the units brings in $1100/month in rent, is that a good deal? Should we be calculating potential rent for both units, even though we intend to occupy one of them for a short amount of time?
Running the numbers through Brandon's 4 Square Method of Analyzing a deal, we're coming up with a negative return?