5th Property Acquired Leveraging House Hack Strategy

[Ross Alcorn]

Investment Info:

Townhouse buy & hold investment in Abbeville.

Purchase price: $515,000
Cash invested: $26,500

3 Bed/ 2.5 Bath 1850 Square Foot new build townhouse in appreciating area of Charlotte. House Hack strategy.

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

On MLS, Zillow and through instagram. Walked another townhouse up the street and drove by these. They were listed at 25K less and when they dropped on Zillow we came and took a tour.

We had the seller cover all closing costs, pushed out closing 60 days, and were able to use that to cover all closing costs and do a rate buy down for a year.

How did you finance this deal?

30 year conventional loan