House hacking a duplex in Tacoma, WA

[Blair Nye]

Investment Info:

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

Purchase price: $325,000

My first buy and hold rental / house hack. My wife and I bought this duplex with plans to move in to one unit while renting out the other. We'll be doing some repairs and adding value while living there, then we'll move out and turn it into a cash flowing rental after a year or two.

I bought it with a VA loan and $0.00 out of pocket.

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

Wanting to save money on housing expenses and gain experience in buy and hold real esstate investing.

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

A local agent named Aaron Nelson helped me to find and negotiate the deal.

How did you finance this deal?

VA loan. I paid nothIng out of pocket.

How did you add value to the deal?

I'll be making some repairs and upgrades while living in the top unit.

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

Aaron Nelson of White Coat Realty was a major help in securing this deal.
Nick Wilson of Team Wilson Home Loans was the broker I worked through. He found me a better loan option than I was able to find on my own.