Wholesaler AND House-Hacker!

[Aaron J Latal]

Investment Info:

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

Purchase price: $183,000

Duplex that I rehabbed while living it it, I hacked that house!

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

Found it on the MLS back in the good old days!

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Rehabbed the whole thing!

What was the outcome?

Sweet cash flow!

Lessons learned? Challenges?

If you are planning to rehab a duplex, plan to allow it to take up most of your time for a year. I didn't and my rehab took longer than I thought it would, almost 2 years! Also, if you are staining a wood floor, be careful with your oily rags, they actually can spontaneously combust and start a fire in your recently rehabbed kitchen...

[Dmitriy Fomichenko]

Way to go, congrats @Aaron J Latal !