House Hacking in El Paso, Tx
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $162,000
Main house 4 bedrooms 3 bath. Small 1 bedroom 1 bath house in the back yard that will be rented out. My family will live in the main house and are hoping to turn the 4th bedroom into a small studio apartment and rent that out also since it has it's own attached (already remodeled) bathroom and access to a fridge and washer/dryer. This will increase our cashflow about $200-250 per month.
What made you interested in investing in this type of deal?
We need to find ways to optimize our housing. Currently we are renting and not growing in real estate
How did you find this deal and how did you negotiate it?
We found this off the MLS. Our realtor negotiated it.
How did you finance this deal?
VA Home Loan
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yasir Einaudi. Very good. His is an investor himself and knows the El Paso market very well.