House and Casita Two for One!

[Lacey Daebel]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $346,000
Cash invested: $17,300

This property has a front house and a studio casita. The front house is rented to long term tenants (unfurnished) while the casita is rented to midterm tenants (furnished).

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

I wanted to house hack and purchase a property that has dual streams of income. I originally lived in the casita while I rented the front home out. Then when I moved out and rented both units!

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

MLS

How did you finance this deal?

Conventional

How did you add value to the deal?

None really! I keep it well maintained with biweekly landscaping.

What was the outcome?

Happy tenants and a great income producing property.

Lessons learned? Challenges?

Many! Buying older houses come with interesting new challenges!

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

N/A