Updated almost 2 years ago on . Most recent reply
House Hack on Steriods
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $320,000
Cash invested: $55,000
Sale price: $320,000
Helped House hack for a cient of mine. He bought the home with no money down, Home town Heros program and creative finance, then we developed the property by improving it with electrical upgrade additional meters and more bedrooms. I convinced the client to get an RV and rent all 3 out on his primary property. He will cashflow 600 or more over the mortgage month to month soon.
What made you interested in investing in this type of deal?
House Hack
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
First time home buyer programs to pay for downpayment closing costs and renovation
How did you add value to the deal?
im an appraiser
What was the outcome?
Cashflow over mortgage $650 or more
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am an appriaser, property manager, realtor, and investor with rehab crew.
