Updated 10 months ago on . Most recent reply
Duplex House Hack, Vacant for Renovation
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Parkdale.
Purchase price: $220,000
Cash invested: $27,000
Duplex House Hack, just completed the purchase and I am in the process of renovating both side (I managed to agree both sides were vacant before I closed).
What made you interested in investing in this type of deal?
House Hack, and building the foundations of a new portfolio.
How did you find this deal and how did you negotiate it?
Off market, via an agent who had a relationship with a seller with a large portfolio
How did you finance this deal?
Traditional Mortgage Loan
How did you add value to the deal?
In the process of renovating both sides
What was the outcome?
TBC
Lessons learned? Challenges?
TBC
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes
Real Estate Agent - Chuck Eskey, Eskey & Associates
Lender - Dylon Bobo, Better Mortgage
