Straight Forward House Hack Using the VA loan

[Derek Simkins]

Investment Info:

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

Purchase price: $285,000
Cash invested: $10,000

Solid duplex 10 minutes from Clearwater Beach.

Monthly Cash Flow: $349/mo

Lessons learned? Challenges?

A tree fell in the back yard and pulled the electric meter and all the wires off of the house and thank goodness it didn't hit the house! I learned how to deal with tenants in an emergency.

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

- Real Estate Broker: Jeffery Nietupski
- Long-term Property Management: Jeremy Kloter

[Dan Maciejewski]

Quote from @Drew Sygit:

How'd you only invest $10k?

A VA loan is 0% down. The 10k is 2-3% closing costs - taxes and prepaids. If the property was turnkey, no money to flip it!