College live in House Hack

[Sean Russell]

Investment Info:

Single-family residence buy & hold investment in Dickinson.

Purchase price: $108,000
Cash invested: $15,000
Sale price: $200,000

I was in college at the time of purchase of this home and purchased with my parents co-signing on the loan and received the tax credit that was used towards improvements. I rented the house out to 4 other college students that paid for the mortgage. After 4 years the property had appreciated and I was moving out of state and sold the property with a good profit and while the market was still hot.