First Investment With House Hack

[Caleb Coombe]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $215,000
Cash invested: $20,000

Contributors:
Joe Sadusky

House hacking for the first year and a half of ownership and then renting out entire home.

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

I wanted to acquire my first investment with little initial capital.

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

MLS.

How did you finance this deal?

FHA.

[Caleb Coombe]

@Joel Calkins Thank you for your comment!

I have only been in the property for 2 weeks now but a trick for starting out is to find reliable people that you would enjoy living with as tenants. As this will make your house hacking experience all the more easier. I would recommend this strategy to everyone! It is an awesome way to eliminate your largest expense (housing). It is also a fantastic way to get your foot in the door with REI and some great first hand experiences of what it means to manage a property.