1st Investment House Hacking

[Michelle Dong]

Investment Info:

Condo buy & hold investment in Royal Palm Beach.

Purchase price: $180,000
Cash invested: $23,000

With the rents going sky high in South Florida, I decided to buy my first condo to house hack. My boyfriend and I live in the master bedroom and I rent the other room out.

With my roommate and boyfriend contributing to the mortgage, I literally pay $0 towards the mortgage and cover only electric and internet.

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

I was interested in this type of deal because of paying other owners property mortgage down, I wanted to build equity in my own property to pull out a HELOC to invest in future deals.