Looking to scale in the Co-living space of real estate investing

[Erwin McClain]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $240,000

Currently practicing co-living with 4 tenants for the past 10+ years and looking to scale to more properties this year (at least 1 property per year)

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

My dad is an investor who is retired from his W-2 and now is a G.C.

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

My agent

How did you finance this deal?

bank

How did you add value to the deal?

Kitchen/bathroom & back porch addition

What was the outcome?

Currently renting

Lessons learned? Challenges?

Finding good contractors, negotiating & budgeting

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

My contractor isn't able to work much because he is retiring