First deal house hack duplex

[Anthony Ziccardi]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Enfield.

Purchase price: $195,000
Cash invested: $20,000

203k brrrr house hack

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

Little money down
Able to house hack "reduce my cost of living"
Possible forced appreciated

How did you find this deal and how did you negotiate it?

Found Mls portal
Had long term tenants that paying below market rents
With a a unit in subpair condition

How did you finance this deal?

203k fha

How did you add value to the deal?

Rehab on one unit with some upgrades on the other

What was the outcome?

Still in proccess

Lessons learned? Challenges?

Clean financial records to not prolong the closing proccess

Rehab cost
Over estimate your cost
Be very clear on what you want to be done and why

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Found the deal with out a agent but used a local one to help with paper work and showings

Would of help to have a more experience agent to help things go smoother

[Lara White]

@Anthony Ziccardi a real estate friendly CPA is a must have.  Try getting some recommendations for someone in your area, and then go and interview them. See what kind of person they are, do they have a teaching mentality, do they have real estate investments themselves?  Do they charge you for every single question you ask?  How often will they meet with you?