Updated about 3 years ago on . Most recent reply
My FIRST investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $415,000
Cash invested: $30,000
This is my first ever investment property (house hack) that will hopefully kickstart my journey. Currently 23 years old at the time of purchase and will aim to househack a few more properties over the next 10 years and re-evaluate where to go from there.
What made you interested in investing in this type of deal?
Ultimately, listening to the BiggerPockets podcast and reading every BP book I could get my hand on made me interested in house-hacking.
How did you find this deal and how did you negotiate it?
My agent contacted the seller who was originally selling only one side and convinced them to let us make an offer on both. We did one round of negotiations before the seller accepted.
How did you finance this deal?
Conventional loan (extra money was funded through private money).
How did you add value to the deal?
Offering for both sides instead of one.