7 Bed Househack

[Ben Sorochuk]

Investment Info:

Single-family residence buy & hold investment in Anniston.

Purchase price: $615,000
Cash invested: $31,500

My first property was a 7 bedroom househack. I made $1,000+ per month in cashflow while living for free in the house. Currently all rooms are rented (I moved out).

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

Low risk, allows me to live for free and makes managing the property easy when I live there.

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

On market, during covid boom.

How did you finance this deal?

Conventional 5% down

How did you add value to the deal?

Renting it out room by room allowed me to charge about 2x as much rent than if I had just rented out the entire house.