1st Investment House Hacking
Investment Info:
Condo buy & hold investment in Royal Palm Beach.
Purchase price: $180,000
Cash invested: $23,000
With the rents going sky high in South Florida, I decided to buy my first condo to house hack. My boyfriend and I live in the master bedroom and I rent the other room out.
With my roommate and boyfriend contributing to the mortgage, I literally pay $0 towards the mortgage and cover only electric and internet.
What made you interested in investing in this type of deal?
I was interested in this type of deal because of paying other owners property mortgage down, I wanted to build equity in my own property to pull out a HELOC to invest in future deals.