1st Home as a House-Hacked Duplex with the BRRR method
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Jupiter.
Purchase price: $330,000
Cash invested: $45,000
4bed, 4bath duplex, with 2000sqft plus 600sqft of screened-in porches
What made you interested in investing in this type of deal?
Househacking opportunity with a 10%-down FHA loan, once we move out it should be cashflowing $1k+ per month at market rents.
How did you find this deal and how did you negotiate it?
MLS with my Real Estate License.
How did you finance this deal?
10%-down FHA loan
How did you add value to the deal?
New floors, added recessed lights, upgraded light switches and outlets, upgrade AC vents, re-paint throughout, planted fruit trees and bushes, replaced structural posts & re-screened one unit's back porch; added custom built closets & pantries.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I represented myself (as my own referral agent) to the listing agent.