My First Home I bought to live in, then rented.

[Charlie Huzsek]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $132,000
Cash invested: $10,000

House hacked this home for a year with 20% Conventional Down of a 2.5% interest rate. Invested $10,000 for repairs. Currently renting for $1,650 Monthly. Next year, will be renting for $1,850 Monthly.

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

FSBO. Seller needed gone.

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

Friend.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

Paint, Laminate Flooring, Bathroom Remodeling, Kitchen Remodeling.

What was the outcome?

Cash Flow Baby!

Lessons learned? Challenges?

Do not sign a four-year lease without yearly rent bumps.