Primary Residence Washington, DC House Hack

[Cassidy Burns]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $510,000
Cash invested: $18,000

House Hack (current primary residence). 3 bed/ 3 bath condo. Rent out 2 of the bedrooms for $1,250 & $1,350/month each.

[Cassidy Burns]

@Brandon Frulla, sorry I didn't even notice that people could see the thread as I add the investments to my page! But the condo fee is $321/month and the PITI is $2,859.36/month. = all in monthly payment of $3,180.36 - $2,600/month from roommates.

My all in monthly payment is a whopping ......... $580.36.    

Also, I have seen great appreciation . I could sell this condo today for $649,900 in the Washington, DC current market. But instead I am going to be doing a HELOC for 90% of the ARV and using that $$$ to purchase other investment properties . This is actually the way I think most investors should get started, especially if they are in higher priced markets such as Washington DC. Like I said, I have only invested a total of $18,000-$20,000 into this property.

Happy investing!