First Investment Property in Denver was an amazing success!

[Jerrod Rosen]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $495,000
Cash invested: $40,000

Started as a house hack! 2 bedroom house with one bedroom apartment in the basement. We hired contractors to construct the basement unit and turned 300 square feet of unusable space to a $1,000/month of rental income. After we moved we rent both spaces for a profit of $1500/month after all expenses and the house has appreciated by $150,000.

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

We really wanted to house hack but didn't want the inconvenience of having roommates.

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

Found the deal searching the sites and negotiated with the help of Craig Curlope at the FI Team

How did you finance this deal?

5% down first homeowners loan.

How did you add value to the deal?

Built a basement apartment.

What was the outcome?

Great success!

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

Yes, please DM for details would be happy to give!