All Forum Posts by: Cam Vankerkhove

@Carson Lassiter hey Carson! Just purchased my first house hack here in Rochester about a year ago. Feel free to reach out if you have specific questions, happy to help

@Tarica Davis yup! There’s a local coffee club that meets every Wednesday. Haven’t been in a while due to everything going on with covid, but there’s a Facebook group that you can join. Message me and I’ll send you in the right direction

@Tarica Davis Hey Tarica! I’m an agent in Rochester NY as well and also bought my first house hack (duplex) about a year ago.

Feel free to shoot me a message, be happy to chat!

@Remi Smith hey Remi! There’s an awesome group of very smart investors here in Rochester. Reach out if you have any questions. Stay well 👍

@Tony Robinson awesome job bro!!!

@Neil Gillotti Hey Neil! I’m a realtor here in Rochester, also just bought my first house hack a couple months ago.

Shoot me a PM if you’d like, would be happy to chat.

Cam

@Samuel S. thanks man!!

@Michael Beinetti thanks Michael!!

@Brenden Mitchum thanks man!!

Investment Info:

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

Purchase price: $172,500
Cash invested: $8,000

Property Type

Duplex - 3-bed bottom unit, 2-bed top unit

Purchase Price

$172,500 - FHA 3.5% down, 3.125% interest rate

PITI
$1200

Income
 $1100 rent from tenants in bottom unit

Details

The loan is in my name, however this deal was a 50-50 partnership with a close friend and fellow BP member. We'll be living in the top unit for at least a year and will equally split equity, income/expenses and management responsibilities. After all expenses and reserves are accounted for, we're able to live in a nearly turnkey property for very little out of pocket each month, allowing us to rapidly accelerate savings for future deals. 

I was also able to earn a commission on this deal for being our agent! Icing on the cake!