Updated over 5 years ago on . Most recent reply
P&L question House Hacking
We are looking to purchase our first house hacking REI property. After all calculating with BP calculators, rules , COC ROI, we thought we found a perfect deal, but then this P&L statement came from current property management, and I don't understand that line item maintenance of almost 25K. I've requested more info.
Any thoughts? Should we consider making an offer on this deal with negative net income, or look elsewhere ?
Thank you for sharing any suggestions!
A few facts:
2 duplexes total of 4 units 2BR 1Ba each unit. Current rent roll $2210 month
Asking price 250K
Total investment 10K