All Forum Posts by: Franco Gozzarelli

Sounds like a great start...especially here in Las Vegas. Let me ask...are you physically here and viewed the property? I work with many clients from afar before moving here wanting to buy a duplex, only to see it in person and completely change their mind once they understand the area, cliente base of tenants, etc. As long as you have done all of your research and comfortable living there as well, hats off to you! Finding a duplex that can also make numbers work (even slightly), is a big W. Congrats!

Hi Josh, thanks for the feedback. Yes, we live here in Vegas and we are conscious that we are making a "sacrifice" to get further in our future. We are fine with the living conditions after repairs and the tenants in the area so we are focused on living here for a while and moving on to the next property to house hack as soon as we are able to.

1 Vote

Las Vegas, Nevada

Hello, just sharing my first experience buying real estate. Me and my girlfriend have been looking to buy a property and house hack for almost 2 years but the Las Vegas market has been complicated. We finally found a duplex that seems to work for us. Here are the numbers on it. Not the best deal but we wanted to get in the game. The purchase price is $335k and we are using an FHA loan 3.5% down. In total closing costs we paid $14k. The property needs some TLC so we estimate $15k in total repairs. The rents are currently bringing in $1k/month each unit but after repairs we are going to increase rent $100-200. I'm motivated and look forward to keep investing... Any thoughts?

3 Votes

Las Vegas, Nevada

All Forum Posts by: Franco Gozzarelli

Franco Gozzarelli has started 1 posts and replied 3 times.

Post: FIRST TIME Investment House Hacking a Duplex

Post: FIRST TIME Investment House Hacking a Duplex

Post: FIRST TIME Investment House Hacking a Duplex