My First House Hack!

[Hank Stolz]

Investment Info:

Single-family residence buy & hold investment in Nashville.

Purchase price: $235,700
Cash invested: $12,000

3br 2ba 1,400 SF
River Trace Estates Neighborhood
Personally Renovated
I intend to live here for a few years then continue to rent it to tenants indefinitely after I move out.

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

It was the clear choice for a first time investor without much capital to begin with.

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

I used an agent in Nashville, Josh Becker with KW

How did you finance this deal?

CMG financial first time homebuyer's loan

How did you add value to the deal?

I have replaced the previously carpeted floors with a high end vinyl plank flooring, painted ALL of the walls, updated the kitchen, redid the landscaping and more to come!

What was the outcome?

I am collecting rent and living for free here, saving money to put back into the house for the first year or so then I will save enough in the next year or two to move on to more properties.

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

Yes, Josh Becker with Keller Williams in Franklin, TN