Buy and hold House Hack

[Carl Davis]

Investment Info:

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

Purchase price: $515,000
Cash invested: $60,000

Two homes on one lot! This was originally thought to be a DADU but after further research and back and forth with the city it seems as if we actually have a non-conforming duplex. An awesome house hack we plan to move out of in a year.

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

We house hack one property/year

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

On the MLS

How did you finance this deal?

Second time using my VA loan

How did you add value to the deal?

Added central AC, fencing, updated electrical, better drainage, landscaping and flooring.

Lessons learned? Challenges?

The home inspector does not always know what they are doing. Call subs during due diligence period.

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

Me of course!