New Construction House Hack in Houston VA Loan

[Scott Diller]

Investment Info:

Single-family residence buy & hold investment in Houston.

Purchase price: $270,000
Cash invested: $1,000

I bought a 5 bedroom 3.5 bathroom new construction home in Houston using my VA loan. The seller was offering closing credits to veterans so I only had to spend about $1,000 total to move in. My total expenses are around $2,000 a month and I can receive $3,000 a month in gross rents once every bedroom is rented for a total cashflow of $1,000 a month. I locked in the contract in January while the home was still being built and it had already appreciated $43,000 when I closed in May.

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

Bigger Pockets books and podcasts

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

HAR.com

How did you finance this deal?

VA loan