Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 5 years ago on . Most recent reply

User Stats

12
Posts
5
Votes
Stephan O'Shaughnessy
  • Investor
  • Rexburg, ID
5
Votes |
12
Posts

House Hack Main Street Rexburg

Stephan O'Shaughnessy
  • Investor
  • Rexburg, ID
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $155,000

House hack! The main house is 3 bed and 2 bath which is rented out for $1000 per month. Converted garage of house to 1 bed 1 bath apartment. We airbnb this apartment in the spring and summer for $60 per day (avg $1500 per month) and then rent to students in the fall and winter for $550 per month. Home is zoned mixed used and located on main street in Rexburg. Has potential to be converted eventually for commercial use.

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

House is all one level which was good at one time for my elderly father. Now we airbnb and rent to students.

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

For sale by owner

How did you finance this deal?

Used HELOC from primary mortgage.

Most Popular Reply

User Stats

13
Posts
2
Votes
Aaron Fleming
  • Rexburg, ID
2
Votes |
13
Posts
Aaron Fleming
  • Rexburg, ID
Replied

Stephan nice snag, where is your home located? We also own a rental on Main Street and do the exact same thing with our duplex.

Loading replies...