First House Hack Duplex

[Michael Dengler]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Pitman.

Purchase price: $85,000
Cash invested: $8,700

I used an FHA 203k loan to purchase and rehab a duplex which I plan on renting and house hacking/Air B&B the other unit.

What made you interested in investing in this type of deal?

I was looking to stop throwing $ away to rent and as a single father couldn't afford to purchase a single family home on my own with one income.

How did you find this deal and how did you negotiate it?

I found the deal on the MLS and my realtor helped me negotiate.

How did you finance this deal?

203k Loan

How did you add value to the deal?

I put $90k of rehab into the property.

What was the outcome?

Still to come.....

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes I'd highly recommend my Realtor and contractor