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Updated over 4 years ago on . Most recent reply

User Stats

11
Posts
9
Votes
David Richardson
  • Flipper/Rehabber
  • Camas, WA
9
Votes |
11
Posts

What calculator House Hack/Rentals/ I don't know

David Richardson
  • Flipper/Rehabber
  • Camas, WA
Posted

Hey guys,

I am looking to move to property and distance myself from the Portland area. I found a large property that has three homes on it. All are rented out. One at 750, 850, and 1300. I would move into the largest home. My rent collected would be the 1600. What calculator would I use because this entails three properties and I would reside in one. Also, I would put down 150,000 and the owner would then owner finance the property. Any thoughts as well? I have never attempted anything like this. Oh, property is listed for 420,000.   

Most Popular Reply

User Stats

14
Posts
3
Votes
Ian Crist
  • Real Estate Broker
  • Portland Oregon
3
Votes |
14
Posts
Ian Crist
  • Real Estate Broker
  • Portland Oregon
Replied

Hi David,

I might be able to help you build out some projected numbers here. Are you planning on getting a normal conventional loan to purchase or what will be your financing?

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