Investment Info:
Single-family residence other investment in Las Vegas.
Purchase price: $365,000
Currently House hacking. No positive cash flow yet but only paying about $300 out of pocket for a property I am living in.
What made you interested in investing in this type of deal?
Was eager to get a home/property. For me, this was the easiest way to get started
How did you find this deal and how did you negotiate it?
Found this deal through my realtor. It was listed for $375k, I got it for $365k.
How did you finance this deal?
Conventional loan with 3.5% DP
How did you add value to the deal?
I haven’t really added any forced appreciation to the property, but the properties in my area have definitely appreciated 20-28%.
What was the outcome?
So far I’m renting out the spare bedrooms, I’m not cashflowing but I am only paying around $300 out of pocket for a property I’m living in.
Lessons learned? Challenges?
I’ve learned that the only way to get things started is to actually go out and get things done. The only real challenge I’ve had with houshacking is sharing your space with other people.
