Did should like buy this condo for "house hack" - Norman OK
Hello all,
I am a young professional single no kid and I have not been able to sleep since I discovered BiggerPockets and the concept of house hacking !
I tried to push the numbers in excel and I find this to look like a good deal what do you think ?
This a condo near Oklahoma University, walking/biking distance to my work and campus. I think I am having analysis paralysis because:
1) I am a complete noob, I am afraid of making dumb financial choices
2) The university of Oklahoma went on a frenzy building an absurd number of new student housing too expensive for many student (according to This article occupancy rate were 28% !)
3) this property has close to zero appreciation according to Zillow ?!
Am I missing something ? how would you approach your due diligence in this case ?
your advice would be greatly appreciated.
Most Popular Reply
stay away from condos . especially here in okc metro. many dont like rentals and many will and have passed rules that do not allow rentals when there is a change of ownership. be sure and read the bylaws carefully and talk to someone on the board with the hoa as well.
- Rhett Tullis
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