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Updated over 6 years ago on . Most recent reply

User Stats

97
Posts
64
Votes
Josh Engelhart
  • Lender
  • Powell, OH
64
Votes |
97
Posts

House Hacked 4plex Almost No Money Down

Josh Engelhart
  • Lender
  • Powell, OH
Posted

We just finally got moved into our new 4-plex! It was a very bumpy transaction and our unit required a bit more reconditioning than initially expected, but we couldn't be happier. Combining FHA, a large seller credit, lender credit and tax pro-rations we were able to bring less than $6k to closing on a 380k purchase price. I wanted a good outlet to talk about the deal and bigger pockets was the obvious choice.

Most Popular Reply

User Stats

97
Posts
64
Votes
Josh Engelhart
  • Lender
  • Powell, OH
64
Votes |
97
Posts
Josh Engelhart
  • Lender
  • Powell, OH
Replied

It's in Columbus Ohio. They are all under rented right now but should go for around 1300 each. Mine is empty one is 1100, one is 1000, and the other lease is ending in a week so I can shoot for market rent.

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