Single Family Home House Hack

[Cory Pflipsen]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000
Cash invested: $11,000

Purchased with conventional loan. Moving in with a friend who will rent from me for $800/mon.

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

Needed another property to continue towards my goal of 5 properties in the next 8 years.

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

Walking my dog past it I thought it looked like it was getting ready to be listed. Looked on the MLS and was hitting market the next day.

How did you finance this deal?

Conventional. Used my Realtor Commission towards downpayment. So only $11k out of pocket.

How did you add value to the deal?

Realtor Commission. And flipped Bathroom.

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

I am a Realtor