House Hacking 3-family

[Coty B Lunn]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $118,000
Cash invested: $4,130

Did this as a house hack with my girlfriend. Moved out of the house I was already house hacking and moved into her 3 family house which was an upgrade with a 3.5% down FHA loan. This house pays for itself and will be more profitable once rents are raised. This allowed me to rent the space I was living in for $1,500/month.

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

Upgrading living space.

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

Found on the MLS. Got $6,000 back during inspections.

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Slowly raising rents to market rents.