My First House Hack In Everett, WA

[Essien Benjamin]

Investment Info:

Other buy & hold investment in Everett.

House hacking a 3 bed 2 bath condo in Everett, WA. I live in the master bedroom and I rent out the other two rooms.

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

I wanted to start house hacking as quickly as possible after I started working. This condo seemed to be the best option for me in terms of pricing.

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

I found this deal on the MLS. I offered $6000 more than the asking price as long as the seller agreed to pay my closing costs which eliminated my PMI payment.

How did you finance this deal?

Conventional 3% down payment. Washington state has a down payment assistance program that I used to fund the down payment.

What was the outcome?

It's not the 'perfect' house hack because the income generated from the rooms doesn't completely cover my mortgage. But I still live much cheaper than I did in my previous apartment (savings of about $1000/month).