Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on .

User Stats

21
Posts
28
Votes
Jason Grimm
  • Real Estate Agent
  • Wytheville, VA
28
Votes |
21
Posts

3 - Unit House Hack turned Investment Property

Jason Grimm
  • Real Estate Agent
  • Wytheville, VA
Posted

Investment Info:

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

Purchase price: $87,000
Cash invested: $10,000

After realizing I had spent around $30000+ on rent, I decided to find a place of my own. Then I realized I didn't have the money to make a mortgage payment, so I started looking for a place where someone else could help pay the mortgage for me. I started working with a Realtor friend from church, and after finding a triplex and a duplex for sale in my hometown (I bought the first one I looked at. The duplex was kind of gross, and overpriced.), I ended up with my first property.