First Investment: SFH split into 2-units via house hacking

1 Reply

Investment Info:

Single-family residence buy & hold investment in The Dalles.

Purchase price: $271,500
Cash invested: $17,000

I am under contract for my first investment! We will be splitting the SFH into 2 apartments (2br/1ba and 1br/1ba) and living in the smaller unit to fulfill our owner-occupancy financing. Excited to make this final in a few weeks!

What made you interested in investing in this type of deal?

The option to split this SFH into a 2-door investment made the numbers work for me in my hot-market.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Charlie Foote in The Dalles has been our rock-star agent. He has been great to work with and has opened doors for us with other relationships. I look forward to working with him more!

What do you think about the Dalles now that you have been there six months? I live in Sherwood, and I am looking for my first rental property. Prices there seem reasonable, and might make some sense.

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