Updated almost 3 years ago on . Most recent reply
HouseHack to the max.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Nampa.
Purchase price: $471,000
Cash invested: $80,000
House hacked/ Currently a duplex, (3bd/2ba) (2Bd/1ba), splitting 3bd unit to make triplex in February 2023 (2bd1ba)(2b1ba)(Studio).
Half finished 4th unit/cottage (1bd/1ba) on the property. Zoned per City for up to 11 Units, planning to build additional units once financing becomes more attractive.
What made you interested in investing in this type of deal?
Just wanted to get into the market, House hacked our way in, renting out 3Bd Unit.
How did you find this deal and how did you negotiate it?
Family members are RE Agents and helped us find it/ Negotiate.
How did you finance this deal?
15% down, conventional loan
How did you add value to the deal?
Built out 2 bed unit from 1 bed originally. Will add more units on the same property.
