El Paso House Hacking

[Dustin Nygard]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $162,000

I will be doing a house hack. My family will live in the main house: Main house 4 bedrooms 3 bath. In the back yard is a separate 1 bedroom 1 bath house that will be rented out. My family will live in the main house and are hoping to turn the 4th bedroom into a small studio apartment and rent that out since it has it's own attached (already remodeled) bathroom and access to a fridge and washer/dryer. This will increase our cashflow about $200-250 per month.

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

Currently my family is renting a house on the military base. We want to optimize our housing costs and get into real estate. A house hack provides the lowest barrier-to-entry to get into real estate.

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

Found this deal on Zillow. My wife and I visited the house on our own and sent videos of the house to our realtor who did the negotiation.

How did you finance this deal?

VA Loan

What was the outcome?

We are currently waiting for the seller to sign the contract.

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

Yasir Einaudi. Very experienced and is an investor also. Knows El Paso really well