Updated over 5 years ago on . Most recent reply
$1.2M property at 24 with $0 down
Investment Info:
Small multi-family (2-4 units) other investment.
Purchase price: $1,259,313
Cash invested: $1
I'm house Hacking this 4-plex. With the VA loan, I Put literally 0% down at 2.75% and lender covered all closing costs. Renting out the 2 extra rooms I have in my unit, I will be making a couple hundred dollars a month PLUS my housing allowance ($2400) from the military.
What made you interested in investing in this type of deal?
Learning about what real estate could do. ( especially through bigger pockets books)
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
VA Loan
How did you add value to the deal?
Lender covered closing costs, seller covered termite clearance
Lessons learned? Challenges?
Learn enough and talk with enough who have already done it to reinforce your decision that real estate investing is a good idea
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Twana Rasoul
