Investment Info:
Single-family residence house hack!
Purchase price: $290,000
Cash invested: $290,000
This is my wife's and I first home. We purchased it to house hack as we start our investment career. We rent rooms out and currently rent the big room for $875/month and the smaller room for $825/month. We cash flow a few hundred based of the mortgage, including the taxes and insurance we pay around $300-$400 a month. When we move out and rent our room out as well, we will cash flow $200-$300 a month.
What made you interested in investing in this type of deal?
While looking, my wife and I were looking for a place we could rent rooms out and also have no HOA fees. This property fit all the criteria.
How did you find this deal and how did you negotiate it?
We found it by realtor.com and used our realtor to negotiate the price.
How did you finance this deal?
A family member paid cash and we pay them every month, they are the bank.
