Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
7
Votes
Brian Mullally
  • Investor
  • Boise, ID
7
Votes |
5
Posts

North End Boise, ID - Tiny House Hack

Brian Mullally
  • Investor
  • Boise, ID
Posted

Investment Info:

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

Purchase price: $274,900
Cash invested: $40,000

Single Family Home in Boise's desirable North End District. Designed, permitted and constructed a 600 Sq ft. Mother-in-Law unit on the back half of the property. Main unit (1,637 sq ft, 4 Bed/2 Bath) is a tenant occupied long term rental. Currently House Hacking the Mother-In-Law but have had success with Airbnb as a short term rental as well.

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

I was looking for a way to dive head first into real estate investing and house hack in the best neighborhood in Boise.

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

We found this deal on the MLS with the help of our Agent

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Converted a poorly used shop on the property to a 600 sq ft, 1 bed/1 bath living unit. Poured a new driveway and separated the Main unit form the second unit on the property to create two private living spaces.

What was the outcome?

Successfully converted a Single Family home into two separate units. Currently house hacking and living rent free in the Mother-In-Law quarters with long term tenants in the main unit.

Lessons learned? Challenges?

This was my first experience buying a home so I learned the whole process from start to finish with buying a single family home and the loan process. I also gained a tremendous amount of experience through managing the construction of the mother in law from start to finish. Everything from the permitting process with city planning and zoning to building materials selection to self performing most of the hands on work myself (with help from experienced friends and contractors).

Most Popular Reply

User Stats

32
Posts
3
Votes
Tim Boeving
  • Boise, ID
3
Votes |
32
Posts
Tim Boeving
  • Boise, ID
Replied

@Brian Mullally I see this house as I travel hill road! Great job from a neighbor on 33rd!

  • Tim Boeving
  • Loading replies...