Updated over 3 years ago on .
House Hacked my current residence
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $269,000
Cash invested: $80,000
House hacked my first residence where i currently live, rent out the downstairs unit which pays the mortgage in full
What made you interested in investing in this type of deal?
To live rent free
How did you find this deal and how did you negotiate it?
Real estate Agent
How did you finance this deal?
Traditional loan with mortgage
How did you add value to the deal?
Remodeled the entire home myself.
What was the outcome?
I now have a cash flowing property that is completely remodeled.
Lessons learned? Challenges?
Do the work your capable of, hire someone for things that are out of your comfort zone to ensure they are done properly