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Updated over 4 years ago,

User Stats

1
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0
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Joel Szidon
  • Homeowner
  • Pensacola
0
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1
Posts

First purchase turned to house hack

Joel Szidon
  • Homeowner
  • Pensacola
Posted

Investment Info:

Single-family residence buy & hold investment in Milton.

Purchase price: $183,000
Cash invested: $2,500

My primary residence turned to a house hack. 4 bedroom two bath with 3 roommates.

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

Adams homes owned and developed the neighborhood. They offered most of closing to be paid for minimum out of pocket expense.

How did you finance this deal?

100 % financing USDA

Lessons learned? Challenges?

Some times it may be better to spend more and get a smaller return in the short run for more appreciation

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

David Dickson with Corner Stone Mortgage Solutions