House Hacking as a family of four in Coeur d" Alene, Idaho

[Colton Haaker]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $50,000

Purchased this house to live in the upstairs rent out the basement. Soon I will be leaving the upstairs renting both up and down and cash flowing nicely, until then I am living for free.

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

I wanted to live for free by house hacking.

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

MLS through a friend realtor

How did you finance this deal?

Umpqua Bank

How did you add value to the deal?

Landscaping, Added a kitchen downstairs and furnished it.

What was the outcome?

Living for free

Lessons learned? Challenges?

Everything takes longer than you expect and costs more

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

Josh Adams - KW realtor
Brandon Quigley - Umpqua Bank lender

[Colton Haaker]

@Jacob Stewart thanks and congrats yourself - next is I close on a home mid September as a vacation rental downtown and am looking to fix it up furnish it and start renting. Unless I find a renter for a 12 month lease that wants it unfurnished then I will push my plans of renovating and furnishing back.