3rd house hack!

[Justin Albrecht]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $109,000
Cash invested: $10,000

Contributors:
Logan Laperriere

My 3rd house hack and biggest fixer-upper project of my career. I'm excited to force some equity into this duplex by renovating both kitchens, both baths, new paint and new flooring all around.

What made you interested in investing in this type of deal?

I was able to buy this house with 5% down and when its fixed up and rented, the other tenant will cover almost all of the mortgage.

How did you find this deal and how did you negotiate it?

Zillow

How did you finance this deal?

W2 job

How did you add value to the deal?

This duplex needs a lot of work including two new kitchens, two new baths, flooring and new interior paint. It needs trees trimmed, a deck installed and exterior landscaping. Most of these i can do myself to save costs and build huge equity.

What was the outcome?

still working on this :)

[Logan Laperriere]

Congratulations on your new property. I am super excited to see what you do to the place! 

Quote from @Justin Albrecht:

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $109,000
Cash invested: $10,000

Contributors:
Logan Laperriere

My 3rd house hack and biggest fixer-upper project of my career. I'm excited to force some equity into this duplex by renovating both kitchens, both baths, new paint and new flooring all around.

What made you interested in investing in this type of deal?

I was able to buy this house with 5% down and when its fixed up and rented, the other tenant will cover almost all of the mortgage.

How did you find this deal and how did you negotiate it?

Zillow

How did you finance this deal?

W2 job

How did you add value to the deal?

This duplex needs a lot of work including two new kitchens, two new baths, flooring and new interior paint. It needs trees trimmed, a deck installed and exterior landscaping. Most of these i can do myself to save costs and build huge equity.

What was the outcome?

still working on this :)