- Austin, TX
- Votes |
Hey BP fam, wanted to share my first SFH House Hack in Northeast Austin. Making it a goal this year to meet as many awesome local current/aspiring house hackers, investors, and agents in the area so lets connect!
Purchase price: $267,500, closed 2/22/21
Cash invested: $50,000 (30k down payment, 20k cosmetic rehab)
Current estimated market value: 400k-420k
A 3 bed/2 bath + office that I'm living in the front office and renting out to other three to completely cover PITI + extra $478/cashflow monthly. When I move out to my 2nd house hack, this will easily cash flow $1000+/month. Was a crazy time but bought right off the MLS during a record low inventory levels, sitting close 0.2 months of inventory by the time I closed. Unfortunately had to come in extra 20k down payment due to unprecedented appreciation causing low appraisal. But the appreciation alone since has made it worth it!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Agent team: The Jordan Moorhead Team in Austin Texas
Lender: @Tyler Hodgson with NXT Mortgage