Updated over 5 years ago on . Most recent reply
House Hacking, Renovating, and Gaining Land Lord Experience
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $178,000
Cash invested: $2,500
This is a 2 story duplex. I am currently using it as my primary residence and a house hack. 51% of my monthly mortgage is paid by my tenant. I have renovated the upstairs unit and am finishing up the lower unit renovation. The goal is to move out and rent both units.
What made you interested in investing in this type of deal?
This was a fast method I found to get involved in real estate and build experience. I can live in the unit as I do the renovations in my free time as well.
How did you find this deal and how did you negotiate it?
I found the deal on Zillow. I paid the asking price, but I got 3% sellers concessions.
How did you finance this deal?
FHA Loan
