House Hack / Live in Reno

[Victor Hernandez]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $224,900
Cash invested: $15,000

House Hack / live in renovation. One side is producing significant rent while on the other side I'm living in is basically rent free.
Once renovations are complete estimated to cash flow $1400-$1800/month

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

To lower my own personal living expenses.

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

I found the deal using Zillow.

How did you finance this deal?

I used an FHA loan with Gift money for the down payment

How did you add value to the deal?

One unit was complete while the other side needed everything replaced and fixed.