House Hacking Duplex in Suburb of Akron, Ohio

[Andrew Kessler]

Investment Info:

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

Purchase price: $203,500
Cash invested: $4,500

Currently rehabbing and househacking on one side.
Unit 1- 3 bedroom, 1.5 bath, .7 acre yard, terrific school district.
Unit 2- 2 bedroom, 1.5 bath, .7 acre yard, terrific school district, full basement.
Gross monthly income is estimated to be $2000-2150 upon moving out. Leaving our monthly cash flow to range anywhere from $650-800 conservatively.

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

The desire to create a better life, to travel more and to have more financial freedom for my wife and I.

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

I found the deal simply posted on realtor.com. Our realtor is a close personal friend who negotiated on our wishes on our behalf. The seller paid all closing costs and slightly over $4k in repairs to the property.

How did you finance this deal?

FHA loan with a 2.6% interest rate over 30 years.

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

Timothy Finn

Remax
https://www.remax.com/real-estate-agents/timothy-finn-canton-oh/100419493

[Dmitriy Fomichenko]

@Andrew Kessler thanks for sharing!