first deal house hacker

[Clint Bradley]

Investment Info:

Small multi-family (2-4 units) other investment in Saint Paul.

I'm house hacking a duplex

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

Reducing one of my biggest expenses, housing.

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

I found this deal on Redfin and than text my agent for a showing immediately. We took a look at it and I knew i wanted. this was on a Thursday. They had a open house with a ton of interest set up for Saturday. I offered full list day one and they said No because of the open house interest as well. My lender ended up knowing the sellers agent and figuring out what needed to be offered to get the deal done.

How did you finance this deal?

VA financing

How did you add value to the deal?

I added new LVP flooring, washer and dryer (full install), new paint and land scaping.

What was the outcome?

great. they were getting $625 for rent i was able to bring it up to $1020

Lessons learned? Challenges?

lessons learned have a solid team and follow up to make sure things are getting done. inspect what you expect.

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

yes I did. Kyle Babcock was my agent who now i actually work with. and Liz Peter from leader one was my Lender