First Two Doors Secured

[Bridger L Logan]

Investment Info:

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

Purchase price: $351,000
Cash invested: $689

This property currently serves as a househack. It was purchased using a VA loan. It is a separated duplex consisting of a 3 bed 1 bath (rents appx. $1400/mo) and a 2 bed 2 bath (I'm occupying, rents appx. $1300). Long term plan will be to occupy the 2 bed 2 bath until a cash out refinance can be utilized. Upon moving out (to another househack w/ VA loan hopefully) the rental will cashflow roughly $350/mo. This will be in addition to the tax benefits, loan paydown (equity), and appreciation.

The immediate and surrounding area as of 2020 is seeing rapid development and gentrification.

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

Low initial capital and a low cost of living (househack).

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

Found from my buyers agent, Justin Daymude from Bannack Real Estate Group. The first full price offer was accepted. No negotiation necessary.

How did you finance this deal?

VA loan product by Envoy Mortgage from Scott Lucier

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

Justin Daymude
Scott Lucier