Updated over 1 year ago on . Most recent reply
1st House hack
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $350,000
Cash invested: $10,000
House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb
What made you interested in investing in this type of deal?
No STR regulations
How did you find this deal and how did you negotiate it?
MLS with an agent
How did you finance this deal?
FHA
How did you add value to the deal?
Separate the master bed into a studio with its own entrance
What was the outcome?
Cover around 65% of mortgage
Lessons learned? Challenges?
With this strategy, the house layout is very important. Try to find a room separated from the rest