First House Hack in Everett, WA

[Essien Benjamin]

Investment Info:

Other buy & hold investment in Everett.

Purchase price: $245,000

House hacking a 3 bed 2 bath condo in Everett, WA. I live in the master bedroom and I rent out the other two rooms.

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

This was my first ever investment. I was fresh out of college and wanted to get in the game as soon as I could. I didn't have much money available, so I had to go with the best deal I could afford.

How did you finance this deal?

Washington state has a special loan program for first time home buyers. This program gives loans at 0% interest rate and you don't have to make any payments on the loan until you move out of the property, sell, or refinance. I came out of pocket $2.6k for closing costs to fund this deal.