07/13/2020
🏡👏🏻 New House Hackers in town! Getting this Four-Plex for my clients is truly a testament to how far technology has gone in these times! Mostly all of the process was done via Zoom, Facetime and over the phone.
Congratulations and Garret! 🎉
We found a Four-Plex 7 minutes from Downtown, consisting of 4, 1 bedroom 1 bathrooms. Each unit is bringing in $1,200-$1,250 in rent. They’ll be living in one unit and renting out the rest, which means that every 1st of the month they’ll be getting around $3,750 in rent and will be living very close to DT. Once they decide to rent all 4 units they’ll be bringing in $4,900 each month! 💰 💵
The best part of this is that their interest rate is 2.75% and they only had to put a 3.5% down payment to secure the property!!! At the moment interest rates are at an all time low because of the pandemic. Low interest rate environments are meant to stimulate economic growth by making it cheaper to borrow money to finance investment in both physical and financial assets. đźŹ
