First House Hack and Investment Property

[Brock C. Jones]

Investment Info:

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

Purchase price: $69,000
Cash invested: $5,000

This is my first investment property and I am house hacking. Great property and I am enjoying the cashflow. In the process of renovating the third unit to increase the cashflow.

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

I loved the idea of getting hands on landlord experience and could not pass up the opportunity to have help paying the mortgage on my home residence.

How did you finance this deal?

FHA low money down

How did you add value to the deal?

I am renovating an additional unit to bring increase the property value