Convert what you already own!

[Matthew Walker]

Investment Info:

Single-family residence buy & hold investment in San Jose.

Purchase price: $30,000
Cash invested: $30,000

Garage turned studio:

Living area
Kitchenette
Full bath
Two closets
Access to main house laundry (twice a week) via a shared access point.

This space is a small (325 sqft) yet perfectly quaint studio that fits the needs of a young professional or couple.

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

An opportunity to have instant cashflow arose and it couldn't be passed up.

How did you finance this deal?

All cash.

How did you add value to the deal?

Resources already available to us were used to reduce labor costs on the conversion of the garage space into a 325 sqft studio. Seeking and building relationships with personnel within the construction community can significantly reduce your up front costs for a project or rehab such as this.