My First Investment - VA Loan Triplex House-Hack

[Anthony Torri]

Investment Info:

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

Purchase price: $260,000
Cash invested: $13,000

My first home and triplex house hack. This is my best performing property and was purchased before I even knew what Biggerpockets was, before I was a realtor, and before I was a home inspector. This was before the real estate market went crazy, and was able to get this property easily on the MLS.

While living here, I was breaking even. After I moved out and rented all 3 units, I was cash flowing. The margins have only increased since then due to refinancing for a lower rate and rental rates increasing.

TIP: Always monitor a target property until it actually closes. The seller originally accepted a different offer and my agent told me to forget about it and move on. I did keep looking, but I knew this was a perfect house hack, so I kept an eye on this one for any changes. Luckily, the buyer couldn't perform, and the seller took my offer.