Primary House Hack

[Marlin Yoder]

Investment Info:

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

Purchase price: $675,000
Cash invested: $250,000

Country estate with 2 houses. My wife and I moved to main house and rent the guest house as STR

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

2 units make it an ideal house hack. Property is on an acre lot so units are separated and very private making it a great house hack.
Located next to Benderson Park which makes it a great location for STRing the guest house. Rental income carries the debt service 100%

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

On market with motivated seller - negotiated $175k off list price

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

Remodeled the guest house

What was the outcome?

Going live as a STR in 2 weeks

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am an agent