Getting started with a SF house hack
Investment Info:
Single-family residence other investment.
Purchase price: $175,000
Cash invested: $12,750
House Hacked into a single family property renting out the other rooms.
What made you interested in investing in this type of deal?
The vast number of single family homes available along with minimal capital required to execute this strategy
How did you find this deal and how did you negotiate it?
Searched the MLS
How did you finance this deal?
Home Possible Conventional Loan
How did you add value to the deal?
Minor cosmetic updates to the house.
What was the outcome?
Lived for less then rent for a year then moved out and turned it into a cash flowing rental property.