Our First Deal (and Home!)
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $640,000
Cash invested: $25,000
Front house is a 3 bed 2 bath. Garage has been transformed into another bedroom so technically it's a 4 bedroom. Behind the house is a 2 story duplex each with 2 bed and 1.5 bath and comes with 2 covered parking spaces for each unit. Both duplexes are rented out and we're house hacking, renting out two of our bedrooms in the house. No extra cash after mortgage and utilities are paid off but we ARE living rent free in North Hollywood Ca while gaining equity on this property! We used to live in a 2 bed 1 bath small apartment in the same neighborhood, paying $1250 in rent. Now we live in a house and not paying for it!
