All Forum Posts by: Brian Stearns

Investment Info:

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

Purchase price: $76,000
Cash invested: $5,000

This was my first house hack, bought under valued property. Did value add on the side while holding FT job, living for free. Turned gross income at 100% occupancy from $700 to $1400 per month

How did you finance this deal?

FHA

How did you add value to the deal?

Flooring, paint, counters, fixtures, bathroom updates, exterior storage

@Aaron Amarant big tip, house hack ASAP!

@Skyy Dugger When I was purchasing, I needed 2 years of solid W2 or self-employed income, not necessarily at the same job. I had been at my at the time for 3 months and commuted 1 hour to my job each way, to the city I eventually bought in.

Meanwhile having a month to month lease until purchasing my duplex. Both sides were occupied and after closing provided 1 of the tenants a 30 day notice. They were already planning on moving and vacated within a week. I then moved into that unit.

Hello,

I am a young investor and Realtor in Central Wisconsin. I am in the Wisconsin Rapids market, with investments also in the Tomah market.

Where in Wisconsin are you located? What is your Real Estate Asset Class of choice, why did you choose it?