My first multi-family house-hack !

[Christian Estrella]

Investment Info:

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

Purchase price: $400,000
Cash invested: $25,000

Purchased a 2 family home in Bridgeport, CT.
2 units - 2 beds/1 bath in each unit. 2nd unit has an enclosed porch and an unfinished attic, which I’d like to renovate!

Basement is used for laundry and storage, which is equally divided for each unit.

Driveway and 2 car garage as well!

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

I wanted to take advantage of an FHA loan, which offered a low down payment option, and allowed me to house-hack into my first property.

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

I found this deal by meeting with a local investor I found on Bigger pockets!

How did you finance this deal?

I used about 20-23K in cash out of pocket to cover closing costs, insurance, PMI, etc.

How did you add value to the deal?

I plan on adding value by renovating the attic, which in turn add living space to the second floor unit.

I’d also like to renovating the kitchen, new countertops, and flooring, as well as new laundry machines.