House Hack West Roxbury

[Sean Burke]

Investment Info:

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

Purchase price: $709,000
Cash invested: $50,000

I bought a duplex in West Roxbury at the beginning of 2021. I did a cosmetic remodel in one unit and kept the existing tenants in the other unit.

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

I am required by my job to live within the city of Boston and I was interested in owning a multi family house.

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

I found this deal on the MLS.

How did you finance this deal?

FHA loan at 2.25%

How did you add value to the deal?

A minor cosmetic remodel.

What was the outcome?

My cash flow is not great but I am increasing rents annually.

Lessons learned? Challenges?

I wish I took my time on this deal. I ended my lease on my apartment when my offer was accepted. I was not as diligent with my numbers as I should have been. I was very excited to buy a house and rushed the deal. I still turned out in a good spot but I do wish I was a little more diligent.