First House-Hack Investment in Savannah, Georgia

[Zena Johnson]

Investment Info:

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

Purchase price: $560,000
Cash invested: $56,000

Co-sign investment.

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

I wanted to secure a property in Savannah, because of how much the market is growing.

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

I found the deal with my real estate agent on Zillow.

How did you finance this deal?

I financed half and half of the downpayment with my parents.

How did you add value to the deal?

I put in my time in finding the deal, financing half of the down payments, finding tenets for the property and general upkeep and maintenance.

What was the outcome?

I got into my first property!

Lessons learned? Challenges?

I learned what to look for when looking at a house and what tactics to look for when negotiating with a seller.