House Hack/Buy and Hold/Flip

[Ryan Mancuso]

Investment Info:

Single-family residence buy & hold investment in Prescott.

Purchase price: $169,000
Cash invested: $34,000
Sale price: $450,000

A 3/2 I bought to house hack. When I bought the property, I put 5 other friends in it (I shared a room so I could charge more for the master bedroom). They paid the mortgage for me and I netted $150 per month, slowly fixing things as they came up. Living in it and being a landlord and friend was a hard balance,

What made you interested in investing in this type of deal?

I had friends who needed a place to live and I could live rent free and cash flow.

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

Through the MLS, I used an agent as I was not licensed at the time

How did you finance this deal?

Conventional

How did you add value to the deal?

I slowly changed the interior over time (paint, flooring, cabinets, baseboards, shower

What was the outcome?

I