Updated over 2 years ago on .
First Investment (House-Hack)
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $190,000
Cash invested: $10,000
1st duplex we are house-hacking $5k seller credit at purchase looking to eventually cash out refi. into the next deal around 5k in initial rehab
What made you interested in investing in this type of deal?
Rich dad Poor dad and Bigger Pockets Pod
How did you find this deal and how did you negotiate it?
realtor.com
5k seller credit and new rubber roof
How did you finance this deal?
FHA 3.5% down and 5k seller credit
How did you add value to the deal?
Repaint needed rooms, kitchen facelift including adding a backslash
What was the outcome?
TBD we haven't gotten our first renter yet
Lessons learned? Challenges?
Rehabs take longer than expected and the little unexpected things take the longest
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Realitor Hannah Cuda eXp Realty
