My First House Hack Duplex

[Patrick Haggerty]

Investment Info:

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

Purchase price: $155,000
Cash invested: $7,600

First Investment

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

Best Cashflow option at the time.

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

Personal Search, through RE Agent

How did you finance this deal?

Rocket Mortgage

How did you add value to the deal?

Renovated while living in it.

What was the outcome?

Long term buy and hold across the street from the University in town.

Lessons learned? Challenges?

Takes about a year to renovate 1,000 sq. ft. in your spare time.

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

Real Estate Agent: Gordon Cowan @ Weichert Realtors