House-Hack in Competitive Market

[Josh Green]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $345,000
Cash invested: $25,000

House-Hack turned investment property!

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

Found the deal on-market and same day made an appointment, submitted an offer, and went under contract! Ultimately negotiated seller credits, a home warranty (which saved us thousands the first year), and personal property which we were able to sell and make additional income to pay for updates/repairs.

How did you finance this deal?

Conventional

How did you add value to the deal?

Added 2nd kitchen and cosmetic updates to capture increased cash flow.

What was the outcome?

Cash flow (moderate), appreciation projection (heavy), great LTR