House hack Triplex located in Shasta Lake City California

[Sean Moore]

Investment Info:

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

Purchase price: $300,000
Cash invested: $10,500

I bought the house in November 2019 to use as a house hack. The triplex is in a C class neighborhood, and needed moderate rehab. Two units are currently rented and cover all but $150 per month in expenses.

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

I am interested in house hacking through small multi family properties.

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

MLS and through my realtor.

How did you finance this deal?

FHA traditional 3.5% down loan.

How did you add value to the deal?

Renovating 1 unit and increasing rents.

What was the outcome?

Currently house hacking and saving for the next deal.

Lessons learned? Challenges?

Dealing with tenants and the process of working on your own properties.

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

Absolutely would recommend Kevin Rohdrick.