My first house hack | duplex

[Jorge Rivera]

Investment Info:

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

Purchase price: $112,000
Cash invested: $4,000

COMPLETELY RENOVATED DUPLEX JUST OVER THE HOKE COUNTY LINE LOW TAXES BUT MINUTES TO FORT BRAGG! EACH UNIT BOASTS A COMFORTABLE 2 BED /2BA ENGINEERED PANEL SIDED RANCH STYLE! UPDATED KITCHEN, FLOORS, SEPARATE LAUNDRY CLOSETS! SHEDS FOR STORAGE! NEW 50 YEAR ROOF! NEW HVAC! SEPARATE 4 CAR DRIVEWAYS. NEW LANDSCAPE WITH BEAUTIFUL FLORA AND FAUNA. NOTHING LIKE IT TO BE FOUND ON THE LOOP. OCCUPIED YEAR ROUND, DO NOT DISTURB TENANTS.

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

Read Rich dad poor dad back in 2010, want generational wealth, house hacked and saved more money.

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

Realtor, bought for asking price

How did you finance this deal?

VA home loan

How did you add value to the deal?

Updated property

What was the outcome?

Rented year round with only 3 months vacant out of 9 years!

Lessons learned? Challenges?

How to rehab, what not to waste money on, what looks nice, landscaping matters!!

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

Yes but don't remember her name.