Stumbling into RE investing via house hacking!

[Mei Acosta]

Investment Info:

Townhouse buy & hold investment in Hollywood.

This purchase was my first personal deal and the reason I got into business as a realtor. I didn't know BP at the time nor about house hacking so I kind of stumbled into the concept. If I could go back and do things over I probably wouldn't although I got a lot of lessons out of it for what to look for in deals moving forward! Also, the importance of choosing the right real estate professional

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

I wanted to break out of the rental game and start building equity and wealth

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

This was before I was a licensed realtor so I worked with someone who was referred to me (wouldn't work with them again). I found the deal online

How did you finance this deal?

Conventional 3% down

How did you add value to the deal?

Value was added by the ability to house hack

What was the outcome?

I saved bucket loads in housing every month

Lessons learned? Challenges?

Pick your realtor wisely, avoid HOAs like the plague moving forward (when it comes to investments because of rules & regulations and lots of red tape). Most importantly GET FREAKING STARTED!!

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

Ken Zorovich at Priority Lending was amazing and still my go-to even to this day as a real estate professional myself!