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Updated 6 months ago, 05/31/2024
First House Hack in Peabody, MA
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $690,000
Cash invested: $35,000
Contributors:
Daniel McDonald
After years of research and a few months of searching, I finally house hacked a two-family in Peabody! So excited to have my first property and I plan to hold for the long term. I rent out the downstairs 3br 1ba unit and currently live in the upstairs 1br 1ba apartment. Can’t thank Dan McDonald, my agent and mentor, enough for the help!
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
5% Conventional
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Dan McDonald! He was an absolutely amazing agent and I would highly recommend his services. He was SO helpful and patient with all my questions (this house being my first home purchase of any kind). Would highly recommend him for any prospective house hackers or anyone looking to buy/sell in Massachusetts.
Thank you man! Had a blast with this one and can’t wait for the next!
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