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Updated almost 5 years ago on . Most recent reply

User Stats

50
Posts
17
Votes
Adam Cole
  • New to Real Estate
  • Rochester, MI
17
Votes |
50
Posts

The Beginning of my House Hack Adventure!

Adam Cole
  • New to Real Estate
  • Rochester, MI
Posted

Investment Info:

Single-family residence other investment.

Purchase price: $211,000
Cash invested: $10,450

Purchased my first house for me! I plan to rent out 1 or 2 rooms in order to live rent free!

Purchased the house for $211k and the appraisal came back at $219k. All 17 windows needed to be replaced/repaired since the seal was broken in all of them. Come to find out that all of them have a lifetime warranty and will be replaced for free once I take possession of the house.

Talk about building equity with little to no effort!!

Most Popular Reply

User Stats

23
Posts
9
Votes
Katalina Mendoza
  • Banker
  • Charlotte, NC
9
Votes |
23
Posts
Katalina Mendoza
  • Banker
  • Charlotte, NC
Replied

Hi @Adam Cole! This is super cool that you shared the story of your first house hacking deal. Congratulations! 

How were you able to find this property? I am new to real state investing and do not know where to start. Do you feel house hacking is a good strategy to get your feet wet? 

I wish you nothing but the best with your investments. 

Katalina Mendoza 

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