Single-Family Home with Basement Apartment House Hack

[Darian Richardson]

Investment Info:

Single-family residence buy & hold investment in Lawrenceville.

Purchase price: $234,000
Cash invested: $15,000

House-Hack

Single-family home with basement apartment unit 1 bedroom, 1 bathroom, kitchen.

House hacking all bedrooms on the upper level.

Monthly mortgage covered completely

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

Single-family with a basement apartment that rents out, with potential to house hack room by room.

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

Real Estate agent found it and purchased at the appraisal price.

How did you finance this deal?

FHA Loan

What was the outcome?

Currently being house hacked at full capacity, basement apartment, and 2 bedrooms. The monthly mortgage completely covered.

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

Real Estate -Amesha Mason