NW ATL SFR house hack

[Jarreau Jackson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $326,100
Cash invested: $24,000

House hack purchase as a primary to rent out in the near future. Located at the NW section of ATL inside the perimeter.

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

Relocation from out of state for a promotion (W2) led me to take advantage of the market appreciation and low interest rates and purchase a home with the strategy to live in it then convert to a rental.

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

Worked with a local KW realtor as my agent.

How did you finance this deal?

30 year conventional primary residence loan at 5% down.

What was the outcome?

Closed on time.

Lessons learned? Challenges?

The biggest challenge was mapping out key locations, cross referencing potential rents, and bidding aggressively. I submitted atleast a dozen offers and visited almost 50 homes until I closed.

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

Lowell "Champ" Crawford, Keller Williams realtor
Nelson Garcia, Moreira Team lending