1st House hack

[Carlos Marin]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $10,000

House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb

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

No STR regulations

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

MLS with an agent

How did you finance this deal?

FHA

How did you add value to the deal?

Separate the master bed into a studio with its own entrance

What was the outcome?

Cover around 65% of mortgage

Lessons learned? Challenges?

With this strategy, the house layout is very important. Try to find a room separated from the rest