Tiny Home Conversion

[AJ Wong]

Investment Info:

Single-family residence fix & flip investment in Coos Bay.

Purchase price: $85,000
Cash invested: $15,000
Sale price: $160,000

Tiny home conversion.

What made you interested in investing in this type of deal?

Seeing what I could produce with minimal investment.

How did you find this deal and how did you negotiate it?

On the MLS. Contacted the sellers broker whom was also the owner and negotiated owner financing.

How did you finance this deal?

Owner financed. 3 year interest only with option to extend 2 years @ 6% interest only ballon.

How did you add value to the deal?

Identified and negotiated terms. Personally and physically converted shed to a tiny home.

What was the outcome?

Substantial profit.

Lessons learned? Challenges?

Buy and hold. Don't buy and flip.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself..