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Updated 12 days ago on . Most recent reply

VA loan house hack, to get my foot in the door.
Investment Info:
Condo buy & hold investment in Jackson.
Purchase price: $300,000
Cash invested: $1,000
My first (hopefully my last) house hack property. Currently my primary residence, and generating income through renting individual rooms. I am purchasing another primary residence in January 2026 and holding this property in my company.
What made you interested in investing in this type of deal?
I required a way to purchase my first rental property. I recently started Revive Homes LLC in July 2024. Because of the youth of my business I experienced setbacks when seeking capital.
How did you find this deal and how did you negotiate it?
This property was initially purchased as a primary residence. I sought out areas of high market value with reasonably priced properties that I could improve during my occupancy, ensuring the monthly rent would cover the full mortgage and a monthly gain after operating expenses.
How did you finance this deal?
I used my va home loan to purchase this property with no money down.
How did you add value to the deal?
I am using the investment I receive to make renovations to add a $50,000 increase to the value.
What was the outcome?
I love it, and my tenants will too.
Lessons learned? Challenges?
No problems whatsoever.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Paul cobb ARA Realtors.
