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Updated about 3 years ago on . Most recent reply
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What was your first househack? - Helping Others Get Started
Excited that my buyer clients just closed on their first househack owner occupied duplex in Port Washington, Wisconsin!
@Adam Chmielewski saw my BiggerPockets post around a year ago, and reached out to learn about how my wife Rosie and I got into our first two househack duplexes. I educated them not just about buying his first home, but also showed them how to use the BiggerPockets Calculator so HE can decide on what KPIs (key performance indicators) that he wants to purchase his investments off of and confidently select his first on-ramp to financial freedom.
What was your first househack story, and have you ever helped anyone get started like this before? Would love to hear your stories!
Also, if you live in the Milwaukee to Madison area and/or attend any of the BiggerPockets, Milwaukee REIA, or Madison REIA meet ups, I would love to get connected. On to the next!
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Most Popular Reply
@Jacob Sheets My first investment/house-hack is a duplex in West Allis that @Marcus Auerbach helped me purchase! I raised rents in the bottom unit to market value, threw 18k into the upper unit for renovations, currently rent 1 of the bedrooms out, and rent covers all my fixed expenses and 90% of my variable expenses.
House hacking is a great way to get your feet wet in RE investing and opens a lot of doors/opportunities down the road!
- David Mo
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