HOUSE HOP, aka, the single family House Hack.

[Alex Winfield]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $7,500

#HouseHop. We needed a place to live for 6-18 months so bought instead of renting and took advantage of the primary residence loan with 5% down. We new were would live there for a short term and eventually turn it into a rental property, so we bought with that . We were low on cash and to busy to take on any serious projects so bought a place that was turn-key, at a great rental price point. It now cash flows about $290, but since it was so turnkey our maintenance and vacancy have been very cheap. It is self-sustaining and will serve me and my family as a great long term investment.

#househack, #Househop, #4realrealestate

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

House Hop kind of fits you're investing along the path of your life while taking advantage of the great perks of a primary residential loan.