My First House Hack in Las Vegas, NV... pro baseball player

[Brandon Wulff]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $340,000
Cash invested: $16,000

Traditional house hack. Property cash flows while I am living in the property and covers all of my expenses. Because I am out of town for the majority of the year, I have a year long lease with 4 roommates in a 4/3.5 house.

House was in rough shape. New landscaping, new dishwasher and kitchen sink, new toilets, fresh interior paint and new baseboards, new GemCore flooring throughout upstairs.

Looking at getting my next property next month!

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

Wanted a place to live and wanted to buy a house where I didn't have to pay the mortgage while being away for 9 months of the year.

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

Realtor, bought it $15K below market value, put $15K into it to bring it up to value.

How did you finance this deal?

Borrowed money for down payment, traditional finance 20% down, I paid for rehab

How did you add value to the deal?

Smart negotiating and smart financing.

Lessons learned? Challenges?

Contractors suck

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Shane Scott