Updated almost 5 years ago on . Most recent reply
House Hacking my 1st Homestead House
Investment Info:
Single-family residence buy & hold investment in Richardson.
Purchase price: $220,000
Cash invested: $64,000
Homestead House-Hacking
What made you interested in investing in this type of deal?
Location near university (rental income - cash flow) / ARV = $320,000
How did you find this deal and how did you negotiate it?
FSBO
How did you finance this deal?
Conventional - 20% down
How did you add value to the deal?
Remodeled
What was the outcome?
Offset housing expenses
Lessons learned? Challenges?
Overestimate plumbing expenses
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes Diverse Title