My First Househack
Investment Info:
Single-family residence other investment.
Purchase price: $285,000
Cash invested: $9,975
4 bed 2 bath house hack - renting by the room.
What made you interested in investing in this type of deal?
I was going back to school and didn't want to have to work full-time while being a student. I also had plenty of friends who needed a place to live, plus I enjoy living with others - house hacking was a no-brainer, and has changed my life. Now that I am finished with school, and becoming more competent in a career that I love, I am looking to add a second house hack.
What was the outcome?
Immediate success - I lived in one room and rented out the three others to friends. I have had a total of 5 different tenants over the past three years with no vacancies. I was able to focus on school, and the first year of a demanding career thanks to this living situation.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Jordan Moorhead - extremely helpful and educational. Highly recommend!
