Updated over 1 year ago on .
House Hacking Duplex Using 5% Down Conventional Financing
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $257,150
Cash invested: $12,000
House hacking Duplex purchased using Conventional 5% down loan. Will cash flow roughly ~$400 per month once I move after fulfilling my 1-year tenure at the property.
PITI $2028
Conservative Rents
Unit 1 - $1300-1400
Unit 2- $1050-1150
What made you interested in investing in this type of deal?
Utilizing loan down payment owner occupied financing.
How did you find this deal and how did you negotiate it?
Off market from a realtor attempting to gain a listing from one of my available rentals. My realtor negotiated the deal to keep it off market and we were able to come to terms that worked for myself and the seller.
How did you finance this deal?
5% down conventional financing for owner occupied.
How did you add value to the deal?
Fresh paint throughout, minor repairs, updated outlets/switches, backsplash tile in kitchen/bathroom.