Updated over 6 years ago on . Most recent reply
First Investment House Hack
Investment Info:
Single-family residence buy & hold investment in Philadelphia.
Purchase price: $300,000
Cash invested: $15,000
1700 sqft 3 Bed 3 Bath New Construction Condo. Being used currently as a house hack. Charging 800/room
How did you find this deal and how did you negotiate it?
Found on the MLS through an agent
How did you finance this deal?
5% down conventional loan. 3.75% LPMI
What was the outcome?
750/month cashflow. 150 out of pocket per month as a house hack.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Carlos Masip in Philadelphia. He is an amazing real estate agent and I would recommend him all day.