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Updated about 6 years ago on . Most recent reply

Ryan McLaughlin's profile image
Ryan McLaughlin's profile image
Ryan McLaughlin
  • Real Estate Agent
  • from Philadelphia, PA
  • Member since Feb 13, 2017
  • Posts 30
  • Votes 16
  • Experience 12 Yrs
  • Investments 5

User Stats

30
Posts
16
Votes
Ryan McLaughlin's profile image
Ryan McLaughlin's profile image
Ryan McLaughlin
  • Real Estate Agent
  • from Philadelphia, PA
  • Member since Feb 13, 2017
  • Posts 30
  • Votes 16
  • Experience 12 Yrs
  • Investments 5
Ryan McLaughlin
  • Real Estate Agent
  • Philadelphia, PA
16
Votes |
30
Posts
Real Estate Deal Analysis & Advice

Manayunk Rehab, House Hacking via Short Term Rental

Ryan McLaughlin
  • Real Estate Agent
  • Philadelphia, PA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $240,000
Cash invested: $30,000

My wife and I used a renovation loan on our first home. Our full gut rehab added 2 full bathrooms and a short term rental unit. Creative house hacking at it's best! The unit is projected to cover our entire mortgage.

How did you finance this deal?

HomeStyle Loan

How did you add value to the deal?

We added a bathroom and mother in law suite.

What was the outcome?

We have a property now worth $375K and our rental is paying our mortgage.

  • Ryan McLaughlin
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Keller Williams Empower
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