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Updated 6 months ago, 05/31/2024

User Stats

1
Posts
2
Votes
Greg Corsello
  • New to Real Estate
  • Medford, MA
2
Votes |
1
Posts

First House Hack in Peabody, MA

Greg Corsello
  • New to Real Estate
  • Medford, MA
Posted

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.

User Stats

293
Posts
254
Votes
Daniel McDonald
  • Real Estate Agent
  • Beverly, MA
254
Votes |
293
Posts
Daniel McDonald
  • Real Estate Agent
  • Beverly, MA
Replied

Thank you man! Had a blast with this one and can’t wait for the next! 

User Stats

4,367
Posts
4,251
Votes
Robin Simon
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
4,251
Votes |
4,367
Posts
Robin Simon
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Replied

Congrats!

  • Robin Simon
  • [email protected]
  • BiggerPockets logo
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    User Stats

    1,735
    Posts
    1,762
    Votes
    River Sava
    Pro Member
    #1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
    1,762
    Votes |
    1,735
    Posts
    River Sava
    Pro Member
    #1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
    • Lender
    • USA
    Replied

    Congrats Greg! 

    @Daniel McDonald is the best!! 

  • River Sava
  • [email protected]
  • User Stats

    2,234
    Posts
    1,650
    Votes
    Lien Vuong
    Agent
    • Real Estate Agent
    • Boston, MA
    1,650
    Votes |
    2,234
    Posts
    Lien Vuong
    Agent
    • Real Estate Agent
    • Boston, MA
    Replied

    Congrats!

    User Stats

    17,821
    Posts
    6,191
    Votes
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    6,191
    Votes |
    17,821
    Posts
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    Replied

    Congratulations @Greg Corsello

    • Dmitriy Fomichenko
    • (949) 228-9393