Successful House Hack

[Robert Kurka]

Investment Info:

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

Purchase price: $480,000
Cash invested: $17,000

This was my First House hack property. I did a FHA loan at 2.75% and only out 17,000 dollars down. I Invested 20,000 to Turn the garage in to a unit B studio apartment. I then put the Short term rent on airbnb and it almost covers the mortgage. I then rent out the other unit for 1500 a month. This property allows me to live with all my bills payed and still have some positive . Successful house hack !

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

The numbers made since , can turn 2 doors into 3 doors.

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

MLS

How did you finance this deal?

FHA

How did you add value to the deal?

Turned Garage int a a Unit b on one of the units. Then Turned that into a short term rental. Look for properties you can add another door to and put on Airbnb

What was the outcome?

Successful House Hack

Lessons learned? Challenges?

Lot line adjustments and not proper lot lines for properties can make closing crazy

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

Jared Holland , Me