Travis Heights House Hack

[Brooke Roeder]

Investment Info:

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

Purchase price: $230,000
Cash invested: $150,000
Sale price: $720,000

Buy and hold duplex that was heavily renovated, house-hacked for a time, and then rented as a furnished rental for years. Sales price/sqft broke multiple family record for the entire zip code at the time.

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

I was looking very specifically for a duplex in a popular central austin neighborhood, that I could buy, renovate and house hack.

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

I found this on a drive-by. Right place at the right time. Owner/agent was putting a sign in the yard as I drove by. Convinced them to accept a pre-mls offer

How did you finance this deal?

Conventional lending

How did you add value to the deal?

Designed and general contracted a major top to bottom renovation.

What was the outcome?

This property was my first investment and a "house hack" as a young single woman. I lived on one side of the duplex for a time until I was able to leverage another purchase. After that it became a heavily cash-flow positive furnished rental.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the real estate and renovation professional ;)