Buy and Hold in Trinidad (DC)

[Lorin Mones]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $600,000
Cash invested: $100,000

Bought my first house hack. My tenant pays half my mortgage.

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

Love the low-interest rates on a primary home. Especially when someone else pays half my mortgage.

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

Found on MLS. Always look for a house with bad photos!!! Saved a ton on this place because no one else would go see it.

How did you finance this deal?

Conventional

How did you add value to the deal?

Fixed up basement unit, small investment added $100-$200 in rent.

What was the outcome?

Living and loving

Lessons learned? Challenges?

Go see everything. Never know what you will find