House Hack in Arvada

[Mike Lauenstein]

Investment Info:

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

Duplex that has been rezoned for up to 13 units. Looking into how to develop.

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

House hacking. Have the tenant pay the mortgage

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

We moved from Madison, Wisconsin and worked with a realtor that is involved in real estate investment. The property was on the market for some time. The owner had passed away and the children wanted to sell it, we negotiated down the asking price and both parties were happy.

How did you finance this deal?

Conventional bank loan, 20% down

How did you add value to the deal?

Minor cosmetic changes.

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

Rick Janson, Exp Realty. Is a real estate investor as well as a realtor.