House hack property

8 Replies

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $430,000

It’s a multigenerational home with 6 beds and 4baths. I’m renting out every single room and cash flowing $400 every month! While building appreciation and equity!

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

I love the concept of being able to live rent/mortgage free while my investment is gaining value overtime. I’m also providing cheap housing in a expensive market. It’s a win-win-win situation.

How did you find this deal and how did you negotiate it?

I found it through Zillow and negotiated it over a holiday weekend because I knew it’d be less competitive.

How did you finance this deal?

FHA loan

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

My Realtor and lender are amazing and really professional people! I definitely recommend them.

@Torrey Wolbert

I'm house hacking and want to buy a multi family at some point. I made an offer on a 4plex but they didnt accept my offer. Im now under contract for a SF with a garage apt, so I can still house hack. Thanks for sharing your experience. Keep us posted on how it goes!!

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