The start of my House Hack
Investment Info:
Townhouse buy & hold investment.
Purchase price: $114,000
3 Bed 3 1/2 bath townhouse
What made you interested in investing in this type of deal?
Wanted to stop paying rent live free or as close to while house hacking
How did you find this deal and how did you negotiate it?
Found online and used an agent. It was my first home so I got a 30 year mortgage on it and didn't have to put any money down
How did you finance this deal?
FHA
How did you add value to the deal?
I finished the basemetn adding a full bathroom and additional finished sq ft
What was the outcome?
I still own it my mortgage taxes an insurance are around $800 per month and I rent it for $1300 per month
Lessons learned? Challenges?
I need to buy another one
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I worked with an agent and because I wanted to do it again after seeing how easy it was I got my own real estate license.