House Hack Investment

[Julianna Barnes]

Investment Info:

Single-family residence commercial investment investment.

Purchase price: $140,000

Single family new construction home, 3 bed/2 bath, located in Enterprise, Alabama.

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

I purchased this property as a primary residence with a VA loan and lived in it for approximately 2 years prior to renting it out. My plan was to either sell it if it had appreciated enough or to rent it out as a long term rental. We decided to rent it out and the property now cash flows us $800/m with a 2.25% rate.

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

I found this deal on Zillow and negotiated the deal directly with the builder.

How did you finance this deal?

VA financing

How did you add value to the deal?

We added some custom details to the property to make it more appealing for our tenants as well as manage the property effectively and efficiently so that our tenants always wish to stay residing in the property.

What was the outcome?

Great cash flow every month that contributes to our passive income portfolio.