Closed on a duplex, house-hacked and got positive cash flow

[Leo M Christensen]

Closed on a duplex in June, but as a term in the deal I don't paying off the mortgage until September. As a consequence of brexit the interest rate of 30 year fixed went from 2.5% to 2%. Thus meaning that I now live in the upstairs apartment, got a renter in the other apartment from the 1st of August, and the rent-income cover mortgage + utilities, and it's still cash flow positive. Together with the income from the other apartment I rent out, which I brrrr'ed to get the down payment for the duplex, I now save up approximately 800$ every month AND live for free. My money aren't ever going anywhere, but in real estate! My next hurdle will be to get the banks to let buy more.. The whole debt to income ratio. In Scandinavia, the banks are quite strict on that, but I'll find a way. Multi family is my personal preference. We all share the same time right now... No reason not to make it great😊👍🏻

[Todd Fithian]

GREAT job!! I love success stories like these!  It all makes it so much more worth it when you find such great properties that make your life a million times easier.  Now only if you could help me find one that performs that well in Southern California ha! Thanks for the share