Updated about 7 years ago on . Most recent reply
[Calc Review] Help me analyze this deal (Owner wants 220,000)
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Howdy @Jason Toledo
You did a good job analyzing this deal. I'm sure you realized it would not work with the asking price. Using the Owner Occupy (House Hack) strategy gets you into properties with the least possible cash. However, it does tend to increase other financing costs like P&I, due to larger loan amount, and the PMI requirement. Would you be willing to accept such low Cash Flow once you move out? How long would you plan on living there? Is the property located in an area that regularly floods?