Purchased A House Hack In NH
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Hudson.
Purchase price: $400,000
Property consists of a three unit multi and a separate single family residence. I am living in the single family while renting out the other three units. After each unit is renovated and rented at market value It will cashflow $500+ with me living there
How did you finance this deal?
FHA with 3.5% down
How did you add value to the deal?
Currently doing a full gut rehab on a 3 br unit.
Lessons learned? Challenges?
Underestimating renovation costs and paying them out of pocket will delay the purchase of my next property. I am interested in BRRRRing my next deal.