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Updated 5 months ago on . Most recent reply

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Brett Rogers
  • Auburn, AL
2
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House Hack Selling Question - Help!!

Brett Rogers
  • Auburn, AL
Posted

Hey everyone! I am about to purchase a 4 bed 4 bath house in Auburn, Alabama where I'll be living in 1 unit and renting out the other 3. The house is listed for $375,000 and I am using the FHA 3.5% 30-year downpayment at a 5.25% interest rate. My monthly payment will be ~$2,600 and the three roommates are paying $800 monthly. The problem I am facing is that if I decide to sell the property after 2-3 years of living there, the fees I pay to sell the home (6-7%) will destroy my profit margins and make it pointless. Is there a way to avoid the seller fees or somehow lower them? Thank you!

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Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
5,353
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6,071
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Nicholas L.
#2 Out of State Investing Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Brett Rogers yes - don't sell - hold forever and build equity

  • Nicholas L.
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