My First Residence / Investment Property All-In-One

[Zach Shahan]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $189,500
Cash invested: $10,000

I currently reside at this location and rent out other 2 bedrooms to produce my cash flow. Essentially "house hacking" my own residence.

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

Needed a place to live, could easily find roommates that help produce greater monthly cash flow.

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

It was a FSBO, I ended up indirectly knowing the owner. Got a better deal on it than I normally would in the current sellers market.

How did you finance this deal?

Traditional lending, 10% down.

How did you add value to the deal?

Renovated kitchen, flooring, and master bath

What was the outcome?

Property is cashflowing over $500 month.