My first Buy.....Duplex/ House Hacking

[Jacob Rivera]

Investment Info:

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

Purchase price: $118,000
Cash invested: $4,000

House Hacking, my first deal....living on the property with a tenant in the other unit. Has been working out great so far

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

It was the best way to purchase a home while also getting started in investing

How did you find this deal and how did you negotiate it?

Found this deal through the MLS with my realtor. Negotiated with my realtor, as a First time buyer was able to get seller concessions on closing costs.

How did you finance this deal?

30yr FHA loan

Lessons learned? Challenges?

Learned, make sure tenants are NOT home when inspecting the property, this kept me & my inspector from seeing parts of the property that were damaged until the final walk-through

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes I work with Crystal Klem of Keller Williams, shes amazing and walks you through every step of the deal.

[Elizabeth Susan Ademi]

I'm in the process of doing the same thing here in Connecticut. Great job finding a property at that price! Good luck to you.