House Hacking the long way

[John Carpino]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $42,500
Cash invested: $10,000

This was my first home purchase. I rented it when I moved to Chicago in 2014, and recently refinanced to pull out 77K! This property has payed for itself many times over!

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

This was my first home purchase, and I lived in it for 3 years

How did you finance this deal?

Conventional Mortgage

How did you add value to the deal?

I added LVP to the entire home and updated the bathroom

What was the outcome?

This property refinanced in 2020 for a 77K cash out, and still makes over $400 per month in cashflow. Excellent investment