If you are interested in house hacking in the Albany area, check out this first time home buyer who just put an extra $12k/year in his pocket by house hacking a duplex in Delmar, NY!
In this video, we’ll give you a tour of the house, talk about the specific numbers behind the deal, and give you tips on how you can buy a house hack for yourself.
This deal by the numbers:
Purchase price – $255,000
Trustco Bank Loan – $205,000
Private Loan – $50,000
Monthly Trustco Mortgage – $937
Monthly Private Loan – $550
Monthly Rent for the Rental Unit – $1,000 (includes heat, hot water, water/sewer, garbage, and plowing)
Nate and his wife were paying $1,800/mo to their landlord prior to buying this house. Now they are saving $1,000/mo after all expenses, building equity in a house they own, and building long-term wealth. There is no better way to get started in real estate than buying a multi-family house hack! There are plenty of opportunities like this in the Capital Region of New York. With a little bit of time and effort, deals like this can be found in every county (Albany, Rensselaer, Schenectady, and Saratoga)!
If you are interested in buying a house hack, or if you have any questions about buying any type of investment property, call or text Charlie Brickley at 508-517-6202, or email him at firstname.lastname@example.org. Having house hacked multiple properties and having invested in rental property himself, he can give you all the tips and tricks he has learned along the way to help you avoid all the mistakes that he made when he was first getting started. Charlie is a licensed real estate agent with Serenity Real Estate Team and can help you buy your first house hack like I did with Nate.
We look forward to hearing from you!