House hacking in Baltimore

[Jay Bhatt]

Investment Info:

Single-family residence buy & hold investment in Baltimore.

Purchase price: $205,000
Cash invested: $25,000

Househacking currently

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

Save money on paying rent, building equity and creating a future revenue source

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

On market, Redfin. Not much negotiating. For some reason the house for sitting in the market for a long time which helped my case because it was originally listed around 280K I think.

How did you finance this deal?

Traditional

How did you add value to the deal?

P

What was the outcome?

Purchased and currently living in it. Hoping to convert it into a full time rental

Lessons learned? Challenges?

Negotiating specific terms with tenants/roommates