House Hack Investment

[Samantha Baker]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000
Cash invested: $5,000

4 Bedroom 3 full bath 1890sq ft home in Barbers Hill ISD.

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

learned about house hacking from Brandon Turner, Read Rich Dad Poor Dad by Robert K., and skip the flip by Haden Crabtree and I was convinced.

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

I was living in this home and the housing market was doing well. I felt like I missed my time to sell my home so I put it up for rent instead.

How did you finance this deal?

VA Loan

How did you add value to the deal?

New Build

What was the outcome?

Year 2 of renting. Two tenants. Had to recently evict my last tenant for non-payment. I am still ahead and have not lost money on this deal.

Lessons learned? Challenges?

Start the Eviction process sooner. Don't be a pushover, How to properly vet a tenant, make them pay the house call fees, and do a monthly check and pest control if you manage it yourself to insure the home is being taken care of.

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

Julie Prothro with Caldwell