House Hack MFH
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $459,000
Cash invested: $40,000
House-hack MFH (Duplex w/ non-conforming Airbnb rental) in midwestern city that brings in rental income of $20-$30k/year.
What made you interested in investing in this type of deal?
Lowered housing costs
How did you find this deal and how did you negotiate it?
Realtor, negotiated with seller/seller agent
How did you finance this deal?
3.5% down, financed the rest via one FHA Mortgage.
How did you add value to the deal?
Renovated basement, landscaping, upgraded various mechanicals.
What was the outcome?
Good financial situation, poised for the next investment.
Lessons learned? Challenges?
Tons. vantovault.com is where I log all my thoughts there.