Buy and Hold into House Hacking

[Tommy Nguyen]

Investment Info:

Single-family residence buy & hold investment in Cincinnati.

Purchase price: $155,000

Single-family residence buy and hold into house hacking investment in Cincinnati, OH

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

Rent free, while mortgage is paid off by tenants

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

Drove passed by this home, from another potential investment deal.

How did you finance this deal?

0 down conventional loan

How did you add value to the deal?

Got seller to pay the necessary repairs

What was the outcome?

Seller agreed to knock down an additional $10g off the asking price

Lessons learned? Challenges?

Never assume, always ask; even during hot RE market.

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

Yes, but unfortunately he no longer works at PNC. PNC offered $2g for closing cost.