My Second House Hack

[John Hagen]

Investment Info:

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

Purchase price: $215,000

House hacking a duplex. Tenant pays majority of mortgage. 3 bed 2 bath on each side.

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

Had a kid, needed a bigger place. Found a nice side by side duplex.

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

FSBO. Worked with the seller.

How did you finance this deal?

Wife's mortgage.

How did you add value to the deal?

Better tenants.

What was the outcome?

Living for almost free.

Lessons learned? Challenges?

Sharing a wall with tenants can be interesting.