House Hack/ First Deal

[Patrick Howe]

Investment Info:

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

Purchase price: $427,000
Cash invested: $2,000

Purchased a move-in ready three flat utilizing the VA loan (zero percent down). I live on the first floor, 3 bed/2 bath. Currently renting the second floor, 2 bed/1 bath, for $1400. Currently renting the basement studio for $900. PITI=$2596

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

Live for close to free

How did you finance this deal?

VA Loan