All Forum Posts by: Vanessa Carvajal

I have been looking for duplexes. I have been working with a real estate agent that always find a way to discourage me or tell me how impossible it is to get financing for a duplex with FHA? is that right? is it impossible? should i look into conventional loans only? or is it time to find a different real estate agent? Am i being unrealistic when i am trying to find something tat will be a good investment that could be purchased with low down payment (3-3.5%) and fha?Please help! I don't want to get discouraged when i am just now getting started.

@Clark Kirkpatrick Ok, thank you so much! 

@Clark Kirkpatrick I ran it both ways, but when i analyzed it with just one tenant paying the rent, the deal does not look good, but when I calculate 2 tenants the obviously the deal looks good. So, does that mean that is not a good deal? I mean, i feel like it's always going to look like less cash flow when I analyze with me living in one of the properties? But, i will be making payments towards the mortgage as well, so shouldn't that still be a good investment?

Help!

Vanessa 

@Melba Chambers I don't think that would be possible. I could get a little more maybe but not $1800 for one unit, I don't think so.

@Clark Kirkpatrick that is based on both units being rented. That's my question when I analyze deals do I base on on both being rented, since I will be living in the other unit and thus paying rent as well or do I just make my calculations with one tenant being the only one making the payments?

Thanks

I am looking at this duplex as my first investment. I am thinking about house-hacking. If i house- hack do i have add my rent payment into the equation when analyzing the deal? or i I just plug in the one rent for the one unit? 

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Question. I am looking a a duplex for my first investment. I am thinking about house hacking, but how do I analyze the deal? Do i just analyze it with one tenant rent or do I add my rent for the second unit if the equation? Please help. Thanks :)

@Geordy Rostad I really really really appreciate your feedback. I am very new at this and I'm a little (well, A lot !) nervous about getting into real estate. I have recently been reading and listening to real estate books and podcast and there is a lot of information on sometimes it does not answer all my questions. I just want to make the right decision and learn and build from there. Your feedback definitely helps me a lot and it make me a little bit more confident about my plans. I know I have a lot to learn still but I need to start somewhere right?  Thank you again so much! 

@Geordy Rostad I just looked at it. I guess I entered the number there by mistake. I really appreciate your help. Now, it makes more sense and it looks like a good investment since the ROI its about 16% and each unit brings more than $100 each on monthly cash flow. I am looking to buy my first rental property and hoping to find one soon. I also need to find a traditional loan so Ill have to be owner-occupied, do you think, it will still be a good deal even with just one tenant?

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*This link comes directly from our calculators, based on information input by the member who posted.