Our First house Hack in 2016!

[Kevin O'Connor]

Investment Info:

Single-family residence fix & flip investment in New Haven.

Purchase price: $114,000
Cash invested: $24,000
Sale price: $204,000

House hacked a single-family home with my New wife. We bought a 2-year vacant cape in the heart of Yale University New Haven we lived in it for exactly 2 years( to avoid cap gains) and struck gold. This house was a disaster and we turned it into a gem that a new young couple is still loving to this day!

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

The cost to enter and location

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

MLS

How did you finance this deal?

Local lender with a Streamline 203K

How did you add value to the deal?

I boatload

What was the outcome?

We sold for a great profit!