A Home and an OFFICE in one

[Pete Galyon]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $455,000
Cash invested: $100,000

This was my latest house hack. Personal residence that has a 2,000 sft office, kitchen and lounge area ( for entertaining vendors, clients and prosepects). The entire project took around 3 months with EVERY square in minus the electrical( some added) being gutted and renewed.
The office space added represents a saving of $2500 a month I was going to pay in a lease for an offsite building for my expanding team and staff.
Several room modifications took place and rooms were added as well.
Will add pictures as they are available .

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

The need for a home and an office under one roof. Also, got married and have a blended family.

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

MLS
525k Was original list and I got paid my RE commission

How did you finance this deal?

Conv finance using APM

How did you add value to the deal?

complete reno top to bottom

What was the outcome?

ARV 625k

Lessons learned? Challenges?

Never pay anyone.... even if you trust them. Until the job is done.

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

Krista Galyon
APM