Single family house hack

[Logan Francavilla]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $695,000
Cash invested: $35,000

Currently house hacking this property.

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

Did not want to pay rent so bought a single family home and rent out the room to keep my own personal mortgage at a minimum.

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

On the MLS and represented myself and negotiated $9,000 back in credits during escrow.

How did you finance this deal?

Conventional loan.

How did you add value to the deal?

Removed walls, painted, and redid all the floors.

What was the outcome?

Great so far! Keeping my mortgage low and have a place I can call home.

Lessons learned? Challenges?

It might be scary at first but you just have to go for it! There were a few unexpected repairs that needed to be made but nothing that Youtube couldn't help us out with!

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

Yes I represented myself on this deal and used Cross Country Mortgage as my lender. Would recommend them great service!