House Hacking MF

[Jerell Edmonds]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $370,000
Cash invested: $2,500

I'm thrilled to share that I recently purchased a multi-family property with a down payment of just $2,500, thanks to an FHA loan, alongside a generous $17,500 grant from Rhode Island. Additionally, I received a $10,000 credit, further enhancing my financial position. What's more, my house appraised for more than its purchase price, adding even more value to my investment. I'm currently house hacking .

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

What piqued my interest in this deal was how conveniently located everything was to me. With a grocery store within walking distance, easy access to the highway and train station, a nearby Home Depot, and ongoing renovations and new developments in the area, it felt like a no-brainer.

How did you finance this deal?

I used FHA for this deal

[Anthony Thompson]

That’s great, congratulations @Jerell Edmonds 😊👏