Updated almost 6 years ago on . Most recent reply
First house hack deal.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $158,000
Cash invested: $2,000
First house hack, eventually a rental. Split entry home. I upgraded the garage door and fenced in the back yard so far. I would like to add another bedroom and solar power to this property in the future. Started house hacking here and really like the model.
What made you interested in investing in this type of deal?
Located in a very good area and close to the high school.
How did you find this deal and how did you negotiate it?
MLS. Offered the appraised value with seller assist.
How did you finance this deal?
Traditional mortgage
How did you add value to the deal?
Fenced in the back yard. New garage doors and siding (lucked out) insurance paid for the siding.
What was the outcome?
This property adds the most to my net and cash flow nicely too.