First Duplex Househack!

[Aaron Cabrera]

Investment Info:

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

Purchase price: $393,000
Cash invested: $14,000

This is my first house hack in a university student rental area and I’m currently getting my unit slowly renovated just doing a lot of DIY stuff on it. I have inherited tenants who pay their rent on time so far and I plan to make this property cashflow $200 monthly.

[Paul Deliso]

@Aaron Cabrera,

First off Congratulations on your first multi family purchase that is very cool. I was curious about your whole deal if you wouldn't mind dissecting it a little more. I am currently looking for my first multi-family property in Florida and the prices are around what you posted so that is pretty much what drew my attention to your post. I have been curious if I have enough capital to go forth with a property. I know you wrote the purchase price and how much invested, how did you go about getting a loan and/or the 14k you invested was that with down payment? What was the percentage of down payment? Also how did you run the numbers on the property to help you understand that the property was going work? just curious and eager for information from people who are actually doing it so thankyou.