Duplex House Hack, Vacant for Renovation

[Josh Cocker]

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