1st Investment House Hack Bordentown

[Mark Dalton]

Investment Info:

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

Purchase price: $285,000
Cash invested: $9,500

Value added house hack opportuniy - cash flow is projection.

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

Value add opportunity. a 2 unit that was being used as a single unit.

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

MLS. Provided seller with solutions.

How did you finance this deal?

FHA

How did you add value to the deal?

Patience. Providing flexibility the seller needed.

What was the outcome?

Purchased. Inhabiting the smaller unit, renting out the larger. Added value by returning 2 unit function, upgrading kitchen and laundry in the smaller unit among other items.

Lessons learned? Challenges?

Solve problems.

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

Yes