First Coliving House

[Johnny Wolff]

Investment Info:

Single-family residence buy & hold investment in Prairie Vlg.

Purchase price: $180,000
Cash invested: $75,000

This is HomeRoom house #1 and I still live here with numerous awesome roommates!

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

I love living with other people - it helps me feel connected

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

On market - first day it was listed

How did you finance this deal?

Rehab loan

How did you add value to the deal?

Rehab

What was the outcome?

Love the house - cash flow $1,000 a month a sweet area of town

Lessons learned? Challenges?

Be wary of foundation issues in Kansas. Leaky basement drove me nuts

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

Yes - Kaki Kahl from Reece Nichols