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Updated almost 2 years ago on . Most recent reply

User Stats

8
Posts
11
Votes
Corey Ritter
  • Investor
  • Kenai, AK
11
Votes |
8
Posts

Primary home turned house hack

Corey Ritter
  • Investor
  • Kenai, AK
Posted

Investment Info:

Single-family residence other investment.

Purchase price: $435,000
Cash invested: $80,000

Purchased our primary and just now working on splitting off an addition over the garage into a separate rental space.

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

Our primary residence is over 3000 sqft, with just the 2 of us and 2 dogs we don't need the space and want to make better use of it.

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

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

House hack, remodel

What was the outcome?

Not that far into it yet...

Lessons learned? Challenges?

Contractors are flakey.

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