Very nice House hack duplex

[Ryan A.]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Lisbon.

Purchase price: $190,000
Cash invested: $20,000

Live-in 1910 6 bed duplex. Quiet country setting. 2 acres.

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

Perfect spot to move the family and landlord at the same time. Great deal.

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

It was on the market. We caught it quick and made an offer within a week. Already priced below market and ready for move in.

How did you finance this deal?

Conventional financing. 10/1 arm.

How did you add value to the deal?

I do most of my own repair. We cleaned up the vacant unit and rented it immediately.

What was the outcome?

The house currently pays for itself. When we move on, it should gross 1k/mo