Updated about 2 years ago on . Most recent reply
3 unit House Hack
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $241,000
Cash invested: $8,500
triplex/ 3 floors
What made you interested in investing in this type of deal?
It already had two tenants in the unit I could house hack to acquire the property and it was already cash flowing.
How did you find this deal and how did you negotiate it?
Found this deal through an Agent.
How did you finance this deal?
FHA Loan
How did you add value to the deal?
adding another staircase to 3rd floor
What was the outcome?
success
Lessons learned? Challenges?
Picking your own tenants sometimes is way better
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Adam Gleve real estate agent with Deacon Hoover