House Hack - Santa Barbara, California

[Doug Bennett]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Santa Barbara.

Purchase price: $965,000
Cash invested: $30,000

Duplex in Santa Barbara, Ca. With a 2/1 and a 1/1. Currently house hacking in the 1/1

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

Rental Income

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

MLS - Direct personal letters and creative negotiation with owners and tenants.

How did you finance this deal?

Traditional loan and Private Money

How did you add value to the deal?

Rehab and Rental corrections

What was the outcome?

Huge Cashflow and big Equity growth

Lessons learned? Challenges?

Find a good team! Lender, Agent and Contractors - all were vital to making this happen!