First Personal Residence - House Hack

[Alexander Ryan-Bailey]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $299,000
Cash invested: $7,000

Personal Residence / House Hack. Mortgage is covered by tenants. 4 BR / 2 BA / Finished Basement / Attached Garage. 2100 sq ft.

Will refinance in 2-3 years. and use as student housing, or air bnb.

How did you finance this deal?

FHA

How did you add value to the deal?

Redo landscaping Front / Back. Converting the garage into a room.

What was the outcome?

No mortgage pmt out of my pocket.

Lessons learned? Challenges?

Home Depot seems to be a 2nd home at times.