Updated almost 3 years ago on . Most recent reply
Multi Family House Hack
Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $312,000
Cash invested: $75,000
First multi-family house hack deal, 6 bed 3 bath unit with two attached garages.
What made you interested in investing in this type of deal?
Ability to house hack and live close to Madison, Wi.
How did you find this deal and how did you negotiate it?
MLS, Agent
How did you finance this deal?
Conventional, 30 year, 20% down
How did you add value to the deal?
remodeled one half myself, floors, paint, yard work, Plan to do a budget friendly kitchen remodel in 2023.
What was the outcome?
so far great house hack allowing my wife and I to save money for next deal.
Lessons learned? Challenges?
Screen, background check existing tenants extensively before accepting all terms.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes Bill Hays out of Baraboo Remax!