3 Unit House hack - Aurora, CO

[Travis Sperr]

Investment Info:

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

Purchase price: $195,000
Cash invested: $800

First Deal - 3 unit - FHA 203k Loan - house hack.

I bought this HUD house back in 2010 using a n FHA rehab loan with my then girlfriend,now wife, glad that worked out! We did most of the rehab on our own, lived there for a year and moved on. Still own the property today, last appraised for more than 3 times what we paid for it. This property was a catalyst to our buy and hold investing because it has always cash flowed very well!

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

Long term rental

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

MLS - HUD house

How did you finance this deal?

FHA 203k