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Updated over 1 year ago on . Most recent reply
My 1st house hack
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $215,000
Cash invested: $150,000
My first, and so far only, RE investment is my home. I purchased and performed a full gut rehab on a 2-flat with a 203k loan that was a complete and absolute labor of love, I can't stress labor enough. My family and I live in the duplex up, while we rent out the garden unit.
How did you add value to the deal?
We used a 203k to complete a gut rehab
Most Popular Reply
Julien Jeannot
#3 House Hacking Contributor
#3 House Hacking Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
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Julien Jeannot#3 House Hacking Contributor
#3 House Hacking Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
Well done! The first is the most import step in the journey.