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Updated 21 days ago, 12/19/2024

User Stats

18
Posts
5
Votes
Brian Ruland
Pro Member
  • Rental Property Investor
  • San Antonio, TX
5
Votes |
18
Posts

4 bed 3 bath House Hack

Brian Ruland
Pro Member
  • Rental Property Investor
  • San Antonio, TX
Posted

Investment Info:

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

Purchase price: $160,000
Cash invested: $12,500

Singe family house-hack renting two bedrooms in a 4-bed, 3 bath, 2-car garage home.

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

Fits personal space needs for now, and business goals lng-term.

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

From wholesaler, and negotiated well based on minor conditions.

How did you finance this deal?

Hard money into 30 yr fixed re-fi.

How did you add value to the deal?

Renovated: Added granite, high end finishes and fixures, landscaping, new flooring and painting throughout. Also, added smart-deadbolt locks to each bedroom for extra security in house-hack situation.

What was the outcome?

Excellent so far!  Already appraised at $235K !

Lessons learned? Challenges?

Worst closing, and escrow agents, ever! OSN... OS National. Avoid if possible!

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