First Househack at 21

[Ben Szydlow]

Investment Info:

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

Purchase price: $242,000
Cash invested: $8,470

Recently-renovated duplex in a popular Pittsburgh neighborhood.

Patting myself on the back, I had this property under contract with an FHA loan before I graduated college at 21 years old. I closed on the property about three weeks after graduating. I will be househacking the property and continuing to build my Pittsburgh RE portfolio.

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

Like most of us, I want to achieve financial independence in the next 7-10 years and intend to househack the property to eliminate my housing expense.

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

This property was listed on the MLS and I had a great agent: Liam Tennies of the DHRE Jeremy Taggart Team.

How did you finance this deal?

FHA Loan

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

Agent: Liam Tennies of the DHRE Jeremy Taggart Team
Lender: Kyle Coniker of Federated Mortgage Corporation.

[Bill Brown]

Way to go Ben, what part of the burgh is it in?

Looks like you have very little cash in the deal. I think that's a smart way to start, hopefully keeping some money in reserve for odds and ends. Good luck on all the rest to come!