Single Family House Hack in Astoria, Queens

[Sarah Karakaian]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $425,000
Cash invested: $20,000
Sale price: $875,000

We purchased the smallest and most unattractive house on the block in Astoria, Queens. We house hacked the property, Airbnb'd the basement suite, lived for free, and sold her four years later.

How did you finance this deal?

FHA

How did you add value to the deal?

Added a full bath in the basement, created an Airbnb suite, and renovated the entire property.