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Updated over 2 years ago on . Most recent reply

User Stats

13
Posts
9
Votes
Samuel Lindgren
  • Flipper/Rehabber
  • Minneapolis
9
Votes |
13
Posts

"House-hacking" a duplex and living for free!

Samuel Lindgren
  • Flipper/Rehabber
  • Minneapolis
Posted

Investment Info:

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

Purchase price: $164,000
Cash invested: $31,991

Initially, my story started with my agent helping negotiate $10K under asking. After that, my wife and I worked with a general contractor to remodel the bathrooms and kitchens in both units of our duplex. In addition, the lower unit had the plumbing re-done, while the upper unit was re-wired, and re-insulated. The property is now stabilized under a management company that makes it truly passive, allowing me to focus on my next investment opportunity. Happy to recommend agents or contractors.

Most Popular Reply

User Stats

1,468
Posts
914
Votes
Robert Leonard
  • Investor
  • Lafayette/Baton Rouge, LA
914
Votes |
1,468
Posts
Robert Leonard
  • Investor
  • Lafayette/Baton Rouge, LA
Replied

Congratulations Samuel! That sounds like a winner!

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