House hacking by accident

[Jack Yen]

Investment Info:

Single-family residence other investment in Morrisville.

Purchase price: $308,000
Cash invested: $60,000

Pre-BP: House hacking by accident. While my wife took a job in GA. We knew she's moving back to NC after her training program finishes in three years and we will need our own place to live. At the time, we were living with my in-laws and it was about time to get our own place. I use the HELOC from the first property as a downpayment to buy this property. I knew the market was climbing locally but did not realize how hot it was until I start researching and making offers. I ended up getting this one because it has so many rooms. My plan was to live in one and rent the rest of the room out. It works out pretty well.