First Deal & House Hack

[Scott Baird]

Investment Info:

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

Purchase price: $685,000
Cash invested: $25,000

First Investment & House Hack! I closed on my first investment property in September! I used a FHA loan to finance the property. It is a 1950's build side by side Duplex in La Mesa, Ca. The property needs some minor systems upgrades and cosmetic upgrades that I pan to complete over a 9-12 month period while living in the property. After upgrades are complete the plan is to refinance into a conventional loan and load up for a new deal!

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

Very inexpensive way to get into a great real estate market and acquire a property that I can force appreciation on.

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

Worked with my agent to find the deal.

How did you finance this deal?

FHA Loan

How did you add value to the deal?

In process

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

Yes, my Agent Twana Rasoul and my lender Baha Maleki!